Unless you are renting by the room it doesn't usually pencil out since bigger cities in Oregon are more equity driven than cashflow driven. 

I feel their model is very much dependent on the market being strong with low inventories.This is not a deep data driven conclusion but based on what I’ve heard from various brokers and by looking at some of the purchase and sold prices.BTW: RE Brokers hate dealing with them as they are not very responsive, I suspect just due to the volume.

STR regulations are mainly driven by the specific HOA that the house is in.

Rather than start a new thread for a (I think) simple question, I'll just post it here.

I’ve driven past the same 50 towns with a population of 1-5,000 people, for 30 years.

If you're driven and action oriented, make sure you run the numbers and don't buy a house that you can't afford to rent out in a year or two.

Quote from @Nathan A.: I agree with @Taylor L. but I have two additional thoughts: 1. 

Hi @Logan Logan A. I

As you know, the hard money and commercial lending space is highly unregulated, and it's usually the lenders that make up their own rules, although a lot of it is driven by their cost of capital and requirements of the secondary market (if they sell their loans).There are hard money lenders out there that do not require a BPO or appraisal, but the majority of them do. 

It really is more of a build and flip, my question would be then do things like mileage driven, interest paid for private loan, purchase of tools such as a generator or chop saw and anything else that I'm not thinking of count towards my cost basis?