I'm wondering if anyone knows what city fees, permits, and taxes (school, water, fire) will be applied to the development.

My advice comes from my experience working as a property manager and as a leasing consultant at apartments ranging from 191 to 445 units.

The house had a major drainage problem under the house where water would stand for long periods of time. ( it was not disclosed to me)The house had been in a fire prior to him selling it to me. ( this was not disclosed either)The seller was super willing to finance it to me at a price that was double what it was worth even if it it didn't have the issues.

Units range from 4 - 8 units.

Sunriver is a great area for Vacation Rental properties, as is the Oregon Water Wonderland 2 subdivision.

Once I have applicants in the 650+ range they are one step closer to being eligible, based on my screening standards, and I then dig into the why of their score.

Ask for 12 months of proof of rent payments "on time". 12 months of phone bill payments, 12 months of water bill payments, 12 months of electric payments, tuition payments on time, auto insurance payments, etc.

Seller pays water & garbage for all units and heat & electric for Unit 2.

Upper main roof first half replaced 8 years ago, second half replaced last year, and lower roof was replaced last month.4 Separate Crown Aruba Gas Boilers, regularly serviced and approximately 20 years old. 4 Separate Gas hot water heater (ages vary)Washer Dryer hookups available in basement for coin laundry for additional incomeExterior painted two years agoShingle sidingProperty just passed state inspectionReplacement energy efficient windowsPurchase Price: $210kAppraised Value: $285kProperty Type: Quadplex/Turnkey tenants in placeArea: BUnits: 1-3BR, 3-1BRRental Income: $3365 Per Month / $40,380 per year (rents can be raised 5% upon lease renewals)Utilities: Separately metered, each tenant pays their own gas and electricHouse Utilities: Common area utilities are about $20.00 per monthWater/Sewer: Landlord pays $1500 per yearProperty Taxes: $7855 per yearInsurance: $2500 per yearLandscaping/Snow removal: $1221.00Vacancy: ???

There is some amount of positive that you need to have in order to be prepared for some bigger expenses such as replacing a roof, water heater or a re-pipe or just new toilets in general.