If the negative cash flow is manageable and the appreciation potential is strong, it could be a smart move.On the other hand, investing out of state allows you to enter more affordable markets with strong, steady returns, helping you to build a diverse portfolio over time.

It is possible that over time, Google ranking metrics recognize the uniqueness of your key words, and you move up in the rankings organically (without a cost to you), so that you can be found easily on Google searches for your location.  

Rental income will still be taxed as Oregon source income, and you will also report it on your California individual tax return as part of your worldwide income.

That kind backs out to 12-15% cash on cash return. 

In my personal opinion, I think the return of 100% bonus (or at least expanding 179 a bit) is somewhat likely with the new administration, so it might be worth it to you to hold off on doing anything until things look a little bit more concrete.

Chris answer is spot on.I'll add "quick closing".You won't find investors easily, you have to go to a lot of meetups to build them.

Curious about your experiences with the market, occupancy rates, and overall returns.

Buyer may elect to treat this Contract as canceled, in which case all Earnest Money received hereunder will be returned to Buyer and Buyer may recover such damages as may be proper.

Our postal address is: (Write them a love letter at your own peril, it will bounce or return with a package - maybe cokes, try your luck, but I would not!)

Also once you get the workflow established, when you move out and need a property manager, you can hire anyone and plug them into your workflow easily.