They will be the MOST STRICT and likely worst option for this deal.  

Our cancellation policy is set to strict, so make sure you're comfortable with that before booking.

If you're going the umbrella insurance route, make sure it will cover you for several things including just the routine slip and fall (like mold or earthquake).

The lending standards have gotten strict as we are expecting some bumpy waters in CA.  

You are correct that the rental laws are strict in Portland and you would be excused from a lot of those since you only have the one unit. 

@Jaysen Medhurst Hit on some very good points when navigating this type of deal, especially in CT where the zoning regulations tend to be pretty strict. 

So from a strict investment standpoint purchasing a rental property is the better option to improve your financial balance sheet.

@Yulya Marucya I think Midwest City is a good market to invest in rentals but wouldn't recommend Del City, they have some pretty strict regulations when it comes to rentals that would be on top of section 8 regulations.

But if it's more likely that your current property will have a correction and you'll lose some of that $80K then its' time to sell and 1031 into the new area now.The reason I say that is that your goals are not strictly investment maximization. 

Remember that the standard expense ratio on lot rent alone is 30% to 40% (on deals under 20 lots typically 50%), and the standard home expense ratio is much higher (Repair alone can run $100 to $200 per month on those old homes).The bottom line is that I would punt and find a better priced deal that is strictly lot rent only.But again, everyone has their own goals, and I don't know what your aiming for.My goal is just to keep you out of trouble.