Additionally you will find at MOST condo buildings have rental restrictions built into the by laws so its very hard to scale a portfolio with condos unless you have an AirBnb angle.   

That doesn't mean an individual deal that doesn't fit the "Guru Model" won't work, it just means that you need to go into it with realistic expectations and goals, with your eyes wide open.  

The rent range is pretty wide for that property however and your estimate is on the higher side it looks like, so maybe just get a little more conservative there to be safe, but even at $1300/month rent it still cash flows decent.  

Hard to find a cash flowing deal, which is my investment angle. 

I drove by the other day and saw one of the windows in a unit wide open. 

If the conviction is old and your record is spotless since you got it, it will be harder for the landlord to reject you.https://www.nolo.com/legal-encyclopedia/question-r...Oregon just passed state wide rent control.. and its either passed that you cant now run criminal.. or they are trying to pass it.Myself I would not care if it was the law or not I would run it.   

But from your angle depends how much more $ you can get that way.

Bend getting pretty populated but outside of town there are still plenty of wide open living.

Good luck and make sure you look at this decision from all angles!

If it is not in compliance with the historic district that may be difficult to work around but not impossible.They may require an architect or structural engineer to evaluate the building and provide a report.This could be a great opportunity for you, just walk in with both eyes wide open.