For example, some cities have started capping the number of short-term rentals allowed, while certain HOAs impose fees that can significantly cut into your margins.For out-of-state investments, having a trustworthy property management team that understands local laws and has good relationships with HOAs can make all the difference.

Good Afternoon, Wondering if anyone could speak to maintenance costs on multi family properties in the great Portland market. 

We have been starting the process to get these houses rehabbed but the program is not implemented in every municipality yet and it takes time to go thru the courts.    

They will look bad and it will likely cost them customers.  

Repeat clients mean more compensation with lower expenses (leads cost money) AKA more profit.

I have hate for no one.This is simply an observation or something that is important to understand when you are in this business- because when you go to turn certain units you may run into this big extra cost.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

On top of that, the profits seem to be higher due to less costs.

legally, as a cost basis of the house, it should have been included in the closing documents because it impacts things like taxes collected by the state, etc.  

The seller did not realize there is a cost to lock in rates.