I live in Oregon and all my investments have been away from the West Coast entirely, passive turn-key properties.  

If you are in an HOA, even though it may not be specifically defined, I would try and get short term rentals by low-key tenants who aren't going to draw a lot of attention to themselves.

Networking is the key here on BP, as I found it 4 years ago, I have since done deals, analyzed deals, and been mentored by people I have met on here. 

Another thought I wanted to mention...When I first was introduced to the process of negotiating, it was expressed to me that understanding is always key, that "the confused mind always says 'no'."

This has been the key ingredient on how I accumulate 20+ loans.  

The seller was upfront about it so I'm fine with it.These processes can really hinder a flipper from flipping, but in the case of buy and hold, due diligence is key, you may be stuck with this property for years.

Key facts of my financial situation.  

He of course has gone on to do other things.I have passed your program on to a few of my clients and the feedback was tough underwriting ,, and valuations.. so for me it probably depends on your particular market .. some local portfolio lenders are going to be much more aggressive than other markets.I would think the B2R target borrower is not a newbie type investor. but a older investor which has owned their portfolio for years has 50 to 500 homes and wants to pull cash and is fine with a very very low LTV loan   I could be wrong but that is my sense.I had some of my vendors  ( I do short term HML for turn key companies nationwide) and they were trying to finance AU buyers through B2R and could never get it done.

I've learned more and more that real estate is a life long game and patience is key.  

The key distinction is the bank, since it makes it's own guidelines can waiver from those with more autonomy.