It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.

Now, you need to figure out how to find deals and pay for them.

If you haven't already, I would try one of the major commercial brokers in that market who deal specifically with that type of asset.It seems like a really good location as well.

usp=sharingCurrent Rent Long Term in 22302: $1800-$2200/moCurrent Rent Short Term AirBNB in 22302: $2000 - $3000/moCurrent Comparable properties at this price range (are condos with 500-$1100/mo condo fees) What made you interested in investing in this type of deal?

He is the real deal.

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

For sourcing deals, High Peak Properties is a wholesaler that gets leads in Roseburg/GP/Southern Oregon area.

After you place a tenant or two, it won't feel like a big deal.

We also can't have renters dealing with the humidifiers as it is a mold problem/foundation issue if it isn't taken care of.We are taking pictures and videos of everything, we have multiple professionals that have documented everything (and told us to lawyer up) and have neighbors that we have already had agree to discuss their drainage problems when we get a lawyer.  

After all, LTR typically have a lower MRR and will need to deal with evictions probably more often.