Sec. 93.053 also states the burden of proof is on the tenant in a judicial action to enforce their rights. 

It turns out is was a pretty good buy, however, given the housing laws in Portland that are complicated and burdensome I don't think I'll be buying here again. 

This transaction is complicated as the lender was sued by the owner and was forced to buy the property back from her.  

We are trying to learn the nuances of CRE, as it seems a bit more complicated than the single family investment we are used to.  

But as a new 1099 Contractor I know that Taxes and understanding them has become much more complicated.

My agent’s advice was to lock in the off market and do the IP if I can swing it, both for the lower interest rate and contractually a Subject To will be more complicated, (we’d have to set up a trust.)

fwiw, here in Oregon if you want to go after the Fed funds for unpaid rent you must get the tenant to sign a declaration, you must be willing to forgive 20%, it will only pay up to the moment you apply (no word yet on future unpaid rent) and most importantly, at least here in OR, is that the way the money will be doled out is based on a complicated algorithm based on how many rentals you have, the percentage of total possible rent that is actually unpaid, if your rentyal is low income (becuase i giess they assume only low income places are not being paid for - not!!) 

I’m feeling this more this year doing taxes and applying for a refi is getting I credit complicated even with 5 properties and 9 units.

Regarding taxes, it's complicated,  My cpa got back with me and mentioned there are ways to write off the 20K in interest.

The requirement is that you have the 1031 Exchange structured and in place with a Qualified Intermediary prior to any closing.Reporting a 1031 Exchange is also very complicated, so make sure that you are working with a tax advisor that has extensive experience in real estate and 1031 Exchanges.