If you go ahead with the offer, the fee is applied as credit towards purchase of the home.  

When you first apply you'll estimate what you think your home is worth and that will be your initial estimated LTV but once your appraisal is completed the true LTV will be calculated.

The property was vacant to long therefore a variance would need to be applied for and more than likely not granted because it was in a residential neighborhood. 2.

How could the buyer have a pre-approval letter that applies to every asset he looks at?

If you are using a DSCR loan as mentioned above then none of these little "rules" apply since delayed financing is just a Fannie/Freddie rule....but they might have OTHER rules that are critical to your transaction.  

The ordinance is less than four years old so that's a moot point.Here's the full list of exemptions: https://www.portland.gov/phb/rental-services/renter-relocation-assistance/apply-exemptionIt's probably worth gauging if your tenants are intending to move out on their own, but if not, and you terminate their lease, they would be eligible.

So here is what YOU will be doing remotely:- Taking photos of the property and loading them in software to list for rent- Writing advertising text for the listing- Determining rent price and approval criteria- Applying local laws in your management- Screening prospective tenants for showing- Showing the property- Verifying application information such as contacting employers and previous landlord- Making approval or denial decisions based on applications- Communicating with the applicant from application to approval or denial- Setting up the lease and getting it signed- Getting the locks changed at the property and getting the tenant their key- Doing a move in inspection with the tenant- Collecting rent, which is easy when people are paying.

I know with syndications you need certain legal documents in place, does this apply to an investment group with under 10 investors, would I still need to get a securities lawyer and file with the SEC?

The website also allows tenants to apply for your space, you to process the application, create and sign the lease, and accept monthly rent.

The nationwide factors that are driving the market apply mostly across the board, and a slack market likely indicates a very large downward trend in that area caused by an outside factor you don't want to deal with.