Also, I'd think about the long-term potential for appreciation and the health of the neighborhood.All in all, I think it's great that you're at a position where you can seriously consider investing and wish you the best of luck either way you go!

If I don't buy a house now and instead use my savings to be able to quit my job and become self employed as 1099 commission sales, how long would this delay a home purchase?

If you're looking to invest long term and build a portfolio, I'd recommend going with a 2-4 unit and take advantage of the VA financing.

@Cynthia Gomez - we may be able to use your flip experience, depending upon the extent of your rehabs and how long ago they were.Also, credit, liquidity, land entitlements are all going to be very important.

Not hairline crack but a continuous crack probably about 7-8 feet long and wide enough to put a credit card into the crack. 

Integrity goes a long way.You can also give a very generous closing gift, offer additional information/services post-closing, and/or offer a rebate for a portion of your commission at/near closing time. 

Hi Madhul,Investing in both LTR (Long-Term Rentals) and STR (Short-Term Rentals) can be a great strategy, especially with substantial capital.

Hi Bob,If you have had a positive experience like it seems that you have, I'd suggest sticking with your current turnkey provider.8 years is a long time and only having 2 tenant turnovers in that time is fantastic.They have stood the test of time and not many turnkey providers do.Also, why fix it if it's not broken?

How long has it been listed and are there other units in the building for sale?

Cannon Beach generally permits STR but one one occupancy per 14 days,  Arch Cape has a similar limitation with one occupancy per 7 days and Manzanita currently has a fairly long waitlist.