I guess my biggest concern with have a primary residence is for tax purposes and being able to claim I live in the same state for my w2 job.

If all of you will be on the mortgage, then you could treat the investment as tenants-in-common, which means that you each own a specific fraction of the property and you split the revenue and expenses proportionately. 

Renters biggest fear these days is that you'll sell the house and they'll be out on the streets. 

I'm new at this and not sure how to use this opportunity at its biggest advantage.

Appreciate the help :)If you absolutely cannot run it as an AirBnb yourself, then the kind of person you make the agreement with is obviously the biggest factor.

The biggest testament is that they continue to buy more and more.I think a lot of people that don’t like the area:A.

Regarding renting a room, the biggest thing is to be aware of the landlord-tenant law in Portland - it is very restrictive and considered unfriendly to landlords (whether you are renting a room or renting the whole place), Tip, for rent cost, look on platforms like CL, Airbnb, hotpads.com, etc.

The biggest bottleneck with any of these strategies is typically deal flow, so if you can figure out deal flow you will find exits, partners, money...etc.     

Most of the "tasks" to consider here are the following: Zoning/Permits- Biggest factor here is time/Architect and possibly engineers for underpinning.

Biggest mistake I see is lazy pricing strategies.