I think access is a major stumbling block to the Oregon coast. its just a long way from everywhere.. and the amenties as you state that are missing.Its super popular though for Oregionians no doubt.Keep in mind though from Jenner CA north through Ft.

I don't think the HOA can restrict what a tenant does within their own unit (the lease can), they can prevent activities in common areas.

We are thinking she could get around $175k - $198k. 

There's no reason to provide details, though I do let people know if anyone asks that we do not accept bulk up-front rent payments or anything like that because I absolutely do not want a prospective tenant to think that someone else swooped in with a bunch of cash last minute.

I think asset prices will continue to grow, areas where millennials can buy affordable real estate will be where I'm setting my sights on.  

Same basic structure they asking price is a suggestion, I offer what I think is a workable number for me and we negotiate to the "middle";  though the middle is not halfway, we never "split the difference". 

Yeah, I think that works.

I think the math should scale (i.e. for ~$2M I should be getting >12 bedrooms minimum).Does anyone have experiencing owning investment properties near UofM central campus, and/or as a property manager, that can comment on how the rental market has been for the past decade plus (stability, concerns, etc.)? 

The home was in rough shape—think mold, a hole in the roof, and years of water damage.

With that amount of equity and being in CA I think you have a couple decent options1.