I've not invested with 5S so I can't comment on their product and management specifically but I can say for build to rent, if you’re considering this, ask yourself: Does this fit your investment strategy and comfort level?

For acquisition, I use my local hard money lender that holds the best loan product with a 100% purchase/100% rehab hard money loan!

Scott's book on estimating rehab costs, it's a must read in this area: https://store.biggerpockets.com/products/the-book-on-estimat...In addition to that, I would check out my article on due diligence.

https://store.biggerpockets.com/products/start-with-strategy?

More than likely, the loan officer on your file either A) didnt know their own product very well, or B) glossed over this aspect in order to get the loan to closed due to a lack of integrity. 

Or you’re not budgeting for a great product and will be obsceleted in the near future.My team provides all the above without hefty consultation fees like many STR experts/gurus do.  

So will see how that all shakes out for PDX. really the affordable is in Townhouse production by the large production builders thats about as good as it gets..

The E-Myth by Michael Gerber- Start and operate your business with the consumer in mind... not you... not your product or service.

Warren Buffet has discussed this in the past saying if you had all the gold in the world you would have a giant cube of gold except for minor industrial uses, but if you had all the farmland in the world you would be able to produce a product (food) that people would buy, thus giving you a return on investment.

It's a pretty standard product these days.