It's updated every year and is the best $40 you'll spend as a Landlord.

I would spend a bit more for a better location.

I can always turn this into a LTR but with the current rates I would be losing money every month.

@Matthew Scott go check with the city and make sure you can do it before you invest any time and money into it.

I was thinking I would need to get a hard money loan to cover that, and it would eat up most of the rest of the cashflow and then I would look to refinance within a year or two.

He will finance building the house. this can be done however you want -  my recommendation where I see things go wrong is everyone is high and drinking the kool aid when they go into these deals thinking they are going to be making all this money.

As a hard money lender who works with many investors in the Portland area, I can share some insights on maintenance costs for multifamily properties in this market, though individual experiences may vary:Lots of investors report a slight decrease in maintenance costs during winter months, bc of:- Fewer landscaping needs - Less wear and tear on HVAC systems (as heating is generally less intensive than summer cooling)- Reduced tenant turnover in winterWinter-specific issues can arise:- Potential roof repairs due to heavy rain or occasional snow- Gutter cleaning and maintenance to prevent water damage- Heating system repairs or maintenancePortland-specific factors:- The mild climate helps reduce extreme weather-related maintenance issues. - Older housing stock in some areas may require more upkeep. - Strict local regulations can also sometimes increase compliance-related maintenance costsCost-saving strategies I've seen help:- Preventative maintenance programs can help reduce overall costs obviously - Some investors report success with in-house maintenance teams for larger portfolios- Energy-efficient upgrades can help reduce utility costs in the long runYour specific costs will depend on factors like the age and condition of your properties, your management style, and the specific neighborhoods you're invested in, but hope this helps!

Why do I need to pay a lender money for training before they lend me money?

Hard Money How did you add value to the deal?

Over the long run you will pay them MORE than you get that is why purchased warranties and insurances are HUGE money makers for those who provide them.