Purchase price: $290,000 Cash invested: $100,000 Sale price: $549,000 4 Bedroom 2 bath house bought from an estate in a great Broad Ripple location.

Although I don't think they're going to be waterboarding anyone for the information, failure to disclose ownership probably comes with some severe penalties.

I'm just purchasing my first STR.

Hi Ian, What is the purchase price for this property? 

If not, have you considered using a 1st Time Home Buyer Down Payment Assistance Loan or Grant to purchase a small multifamily property that you can also live in?

My plan is to stabilize the side I purchased with cosmetic rehab (flooring, paint, cabinetry) before working with the owner of the other side to purchase it and do the same.

I am in Portland as well it can be a hair tricky to manage there are some rules about asking tenants to leave there are also limits on rent increases see below: https://www.portland.gov/phb/rental-services/renter-relocation-assistance#toc-when-is-a-renter-eligible-for-relocation-assistance-Have you already purchased the property?

I learned how important it is to share useful information and insights.

I can find a nugget of information that guides me to understand where we are in an interest rate or buy/sell cycle. 

Next they  informed me the soft costs associated with the a design work would not be released until CO…ok I can live with that and when I finally thought I was going to be funded I get an email that the property taxes were delinquent.