I originally purchased this place thinking that it’d be 15-20k in renovations but it turned out the contractors came back with news that there is more to the rehab than what we expected.

The great news is you found out sooner than later.

I'm sure everyone is actively watching the news and their impact on mortgage rates.I'm personally losing sleep wondering if I can save more by waiting, or should I just lock in the rates today.For those of us with loans that are well above market rate, the question of the day is: Will rates continue moving down from here?

@Sonny Sach, Bad news from the get go.

Why some famous RE investor said STR is the worst investment and one news of NRA recently said more than half STR owner felt regret to buy vocation rental properties.

I know of a guy that buys 3BR bank foreclosures for a 4 digit number in a crappy town with a refinery. 

The good news for the local folks is that rehabs are tough for them to control on scale so they will avoid the rougher homes in the market, which are typically the ones our local clients make work.  

Appears to be a $60 annual per unit fee for rentals in the city limits. https://www.kptv.com/news/portland-passes-yearly-tax-that-landlords-will-pay-on-rentals/article_8492a282-b979-11e9-bd34-dbf743e753ed.html

In about 40 other states, you would get at least double digits.

If you don't know how to find emerging markets, then that's really good news for the rest of us.