I know to look for areas that are landlord friendly, have population/job growth, limited seasonal/environmental issues, high rent/price ratio, and areas within my budget (under $200Kish).

Hi Brennan, A private loan might be a better option in this situation because it offers a clear and fixed return for your partner, making it a more straightforward investment with predictable income. 

It also comes with an offer to buy the property in 90 days for that same 75% figure.

Home depot offers zero interest for two months.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Two years ago they were offering me a competitive rate however after one year they raised the rates quite a bit. 

My conclusion is that Oregon offers some of the most investor friendly coastal property operating expenses and value in the country. 

I'd love to take you up on that offer and pick your brain a bit.

Hi Grazie,I have an amazing CPA that could offer you some great advice if you're still looking for guidance

Make sure to utilize the great tools BP has to offer.