I'd be using contractors to do the renovation and already have some contacts (but would love to get some additional recommendations)/A realtor I've consulted with has told me that a good perimeter to work in is bounded by St.

As the Windsor Park, Woodruff Pl areas run out of space, it's bound to come further south.

In the event all hell breaks loose they MAY have some value..but you cannot eat it.

I have a great paying job right now (I am a software engineer making ~140k/year), so I want to acquire as much 'pro' knowledge before I let loose from my job and start building a wealth building business in RE! 

Oregon statutes tend to convey that it is illegal to "knowingly" and "intentionally" engage in fraud, and especially by those that know the laws (and are bound to them) who could not claim ignorance.  

It is definitely a unique angle.Just a few thoughts:-I believe the article is providing some pretty loose interpretations on some of the key terms; residential use, actual use, transient accommodation, and transient vacation unit.  

Montego,The "legal description" clause of a generic real estate purchase and sale agreement normally defines a bunch of metes and bounds surveying jargon that you can get off the preliminary title report, while the "subject property" clause states the property address and includes a cursory description of the land and improvements.

Just make sure you get the terms ironed out and closed with an attorney to cover any loose ends.

Don't loose focus over 1 day (or a few hours) worth of rent.  

If I'm not mistaken counties are bound by state law to limit assessment increases to no more than 30% in 3 years.