It depends on what your starting reserves are, but if you have enough for a down payment, I would look into DSCR loans for financing, as you can qualify based on the property's cash flow as opposed to your own personal income. 

However, it ultimately depends on your risk tolerance and whether you believe the benefits of asset protection through an LLC outweigh the potential risks.

Depends on what type of rental you're looking to do.

You can get into it with relatively low money down depending on what options lenders offer in your area. 

All depends on loan size, credit and property type. 

(Dependent on your State/Local ordinances.

Turn time on draws varies but on average the holdback teams usually respond to your draw request within 24-48 hours of receipt outlining the process and what additional documentation will be required.

That price range for Portland would be in the fixer range just to buy the house and there are some options to buy depending on how deep of a BRRR you want take on. 

This would largely depend on your investment goals, risk tolerance and preferred strategy.

Luckily the State of Florida restricts municipalities ability to restrict STR's since 2011 so one less thing for us to worry about here.However, I do agree the "bust" is mostly over (depending on market) as we are up 15% YoY on our existing portfolio, but I would stop short of calling it a boom!