I understand that I can get a much larger house with only needing 3.5% down, however the repairs and upkeep are still going to be scaled to the larger size of the house.

Now you have to do your repairs which will probably cost you way more than the damage deposit, and time before you get a new tenant in...

Overall, the hack has gone well, and I anticipate living here until I can find a tri/quad plex to hack next.

I am also a licensed real estate broker with Nottingham Realty Group and I have had a lot of success helping investors (both local and out-of-state) buy investment properties, repair them, and either lease them to quality tenants (BRRRR) or sell them as a flip (BRSR).

What's the property worth and what kind of repairs are needed? 

Heck, there may be a friendly owner who is willing to give you a walkthrough and break down some of the repair costs. 

In my mind 70 cents on the dollar after repairs?  

Just a comment on CMBS:Unless you're going with a conduit who has a capped cost program, a CMBS deal can run up some pretty hefty due diligence costs - $30k-50k deposit due with a signed term sheet (majority is anticipated legal fees).

So this is happening here:  http://www.wweek.com/news/city/2018/05/08/portland...As a landlord who does her own repairs, this is terrifying to me. 

The tenant/buyer put $10k worth of repairs into the place.