. :)Now, the CC&R's are totally valid and I believe the language is pretty clear on restrictions.

For now I will continue to study and save money to have more down payment for when it will be time to buy.

However, you can choose to do a Cost Segregation Study and instead of depreciating the property as a whole you depreciate each piece of the property some of which have a shorter lifespan and that allows you LARGER deductions sooner!

Expediting the depreciation with a cost segregation study can add a healthy amount of cash flow in the first year to 5 years when you need it most. 

Study the market.

It does come down to the language in the lease.Good luckGino

Study and read your local lease templateRead, read, read.Watch youtube videos online of some basic building and construction.

Study up on FIRPTA. 

Quote from @Katie Nolan: Here's the Oregon Landlord - Tenant Law: https://www.oregonlegislature.gov/bills_laws/ors/ors090.htmlHere's a handbook that may be easier to understand: https://oregonlawhelp.org/resources/landlord-tenant-law-oreg...If you're going to be successful, particularly in a heavily regulated state, then I recommend you study the law regularly.

Have you done a cost segregation study on any of your properties?