Take into account elements like the down payment, closing fees, ongoing monthly expenses, and prospective rental revenue.Market Research: Find communities with high rental demand, low vacancy rates, and potential for appreciation by doing in-depth market research around the Portland metro region.

That's with 20% down and a 7.5% interest rate.

The property comes with one unit occuped and they are paying below market rate.

Can I create an LLC and transfer the house to the LLC without changing my current mortgage rate?

If they pay out my equity at lease signing, can I 1031 exchange those funds into a new property even though I technically still own the building and will for a while?

However just know that you wont be eligible for most residential loans if you decide to put it under an LLC assuming your needing funding.

I plan to use a refinance on my current cabin to fund the downpayment on the next property.

Since about April of last year rental rates and occupancy has been in the literal toilet.

We have bp near lowest late payment, missed payment, and eviction rate in the country.  

Quote from @Carlos Lissimore: I can assist you with some questions that need to be answered such as credit score, experience, And do he has down pay when are you and your client free to chat so we can get to the closing table feel free to message so we can continue We are looking into sb684 and fee simple lot splits and funding for acquiring and construction.