The buy back was a comment over the phone, nothing legally binding unfortunately.

Shoot me a DM and I'm happy to chat.Chris Also, Portland (in the city) has restricted STR licenses to owner-occupied properties, so that won't work if you're living in Salem.Wow good to know, thanks Chris! 

Clear communication and legal safeguards are essential for a successful partnership.

Be sure to review the legal documents, oral representations won't stand up in court.

However, if you are an out-of-state slumlord, you can now pass 100% of the financial and legal liability of maintaining a property onto some poor local.

In Florida, hold over tenants can legally be charged double rents, that is FL state law.

Overland Park, KS vs Kansas City, MO) Very landlord friendly, worst case eviction is usually 8 weeks + $500 + lost rent (cannot comment on individual cases and this is not legal advice) Large diverse metro area - variety of jobs, companies, people can have a career in KC.

Any local land use and zoning restrictions?

HOA fee's do not just shoot up that high unless there is trouble from a legal standpoint.

As you know, we generally don't have such restrictions in Canada so I personally tend to look first at the environmental issues my own backyard before.