They then told me after I was approved (which is when the cancelation fee takes effect) that it was personal credit cards.

If this property had been in one of the areas zone for more density they would surely have done a normal "Seattle six-pack" of 0-lot-line townhouses but instead they short platted 2 lots to still in effect end up with a six-pack even though in an area not zoned for it, at the cost of having to sell units as condos and deal with other ADU limitations (e.g. 1000sf limit).In 2023 the State mandated Seattle-style ADU regulations across all urban growth area cities/counties, going even a bit further (2 of any combination of attached/detached allowed).

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

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.

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.

This may have no effect on you at all because the servicer (the company you mail checks to) may remain unchanged.

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 unknown is a big factor that WILL cost you money in the long run.