An increasing number of cities are placing restrictions on short term rentals, including on the Oregon Coast, believing that they cause a housing shortage for locals. 

Even if your town or jurisdiction has regulations, the HOA can choose to pass rules that are more restrictive.

Study HOA documentation prior to purchase as rental restrictions can limit the usage as an income property, especially when HOA is non-cooperative.

Section 8 voucher has income restrictions can be found https://www.huduser.gov/portal....  2nd website you should be exploring PHA website to determines eligibility for the program. 

It is one of the best examples of City Council and local registered community organizations huddling together to create restrictions intended to thwart development but here they are doing it in a manner which will leave new housing stock in the dust relative to other neighborhoods thanks to terrible design restrictions.

Many lenders limit their loans to around 80% of the purchase price to mitigate risk, which can indeed restrict your cash flow for renovations.

- what do your local laws allow, are there any restrictions

Hi Kailas - Yes, you can typically rent out the main house and the ADU to separate tenants on separate leases (so long as you're compliant with city regulations/restrictions).

Not seeing many deals in that area, maybe because I am restricted to the <100k range.Yes, I am part of a learning group called Openspaceswomen.

I would like to know if there is a way I can terminate the lease based on the unclear termination date or no termination restrictions indicated?