@Evan Bellingar  real estate tends to go in 10 year cycles 5 is a little tight.but no one save a few ( watch movie big short) really saw the 08 melt down coming or thought it would be such a global disaster as it was....Were ORegon got hurt the most was in Construction... in from 1992 to 2007 there were an average of 12,000 doors being built in the metro area. that slowed in 08 and by 09 there was a grand total of 700 permits pulled... construction financing had froze .. and a great many in the trades went bankrupt lost their homes and are just now pulling out..

The concept is applicable, but needs $megaBucks to implement.

And watch your applicants go down to 0.

Because of where we are in the cycle, I'll typically write my offerings with a ten year hold, but the strategy of "buy, reposition, and watch for the optimal exit" does not change.

Hello,In the description of a potential BRRRR listing it states "Site plan has been drawn up by civil Engineer and application has been made for approval".

@Jessica Chow Congrats on the rental, pulling the trigger on the first one is challenging.Do you have an estoppel agreement from the tenant and have you compared that to the lease provided by the current owner along with whatever background info they collected from the application?

In R-1AA, R-1A, R-1, R-1N and R-2A zoning districts an Accessory Apartment, Accessory Cottage, or Garage Apartment may beallowed as a second dwelling unit on a single-family building site under the following conditions:i) Accessory Apartment.(1) Inside the Traditional City, one Accessory Apartment shall be allowed as a Permitted Use when the building site is at least 1.5 times theminimum lot size for the applicable zoning district.(2) Outside the Traditional City, one Accessory Apartment may be allowed as a Conditional Use in accordance with the regulations andprocedures provided in Chapter 65, Part 2D, when the building site is at last 1.5 times the minimum lot size for the applicable zoningdistrict.ii) Accessory Cottage.(1) Inside the Traditional City, one Accessory Cottage shall be allowed as a Permitted Use when the building site is at least 2.0 times theminimum lot size for the applicable zoning district.(2) Outside the Traditional City in the R-1AA, R-1A, R-1 and R-1N Districts, one Accessory Cottage may be allowed as a Conditional Use inaccordance with the regulations and procedures provided in Chapter 65, Part 2D provided that the building site is at least 2.0 times theminimum lot size for the applicable zoning district.(3) In the R-2A district inside and outside of the Traditional City, Accessory Cottages shall be a permitted use provided that the minimumbuilding site area for an Accessory Cottage shall be the same as that required for a duplex development.

Option B: "sit on the sidelines" the market is too high, sit with cash to watch new investors make mistakes on when to buy?

As mentioned before, watch out for unexpected large expenses that might have been overlooked on the initial walkthrough.

The thing is the applicant is from over 130 miles away so he must be starting a new job.