It will reduce your taxable income by $8k - which will result in $1,7000 ish in tax savings. ($8,000 x 22% tax bracket)If you have other expenses, depreciaton, ect- your rental may generate a potential tax savings greater than that $1,700. 

But if that's public record too, and they are obliged to tell me, then I certainly will ask! 

@Abe SampsonYes, both must meet the use test.It's possible but you have to meet the requirements (job change, certain health-related events, or other unforeseeable events) - see Publication 523 for more info and search for the section titled "Does Your Home Qualify for a Partial Exclusion of Gain?".

I would say that to show her all the reasons of recommendations that she gets like total income and spreading out her income over years may that possibly reduce her income  liabilityover several years be attractive enough.

@Gregory A.The following IRS publication is a good source for the ROTH TSP distribution rules. https://www.irs.gov/pub/irs-pdf/p721.pdfHowever, I would first transfer the ROTH TSP to a ROTH IRA since ROTH IRA distributions are not subject to the mandatory 20% withholding at time of the distribution.

YES - on including the management fee in your underwriting (financial analysis) and this expense will reduce your NOI (net operating income) which will lower your purchase price.In computing value for multi's, Value is determined by dividing your NOI by Cap Rate. 

Craig,It appears you can get online access in Multnomah County, but an account setup fee might be required to see the scanned doc that are public record.https://multco.us/recording/research-online

@Jenifer Levini  I won't say more than that on a public forum. 

The goal is often common as to buy one at below market price with an opportunity to add value, raise rents, reduce expenses (increase NOI/Reposition it) and sell (or re-fi) within 5-7 years based on loan terms and exit strategy.

Your options are different if you buy it in your own name vs. an LLC.I like credit unions, because they are member owned (in comparison to private or publicly owned) and often have lower fees.