Hello Everyone,I've been thinking of integrating a rental property into my income stream for a few months now, and it seems that a unique situation has appeared that I may be able to take advantage of.

Perfect for salon or small medical practice (350) sqft- Single electric meter- Entrance to condo is in the back- No fire door separating.Question, has anyone used two separate leases for this type of situation.

Perfect for salon or small medical practice (350) sqft- Single electric meter- Entrance to condo is in the back- No fire door separating.Question, has anyone used two separate leases for this type of situation.

So, I'm in a situation where I own 3 rentals and I'm looking into mortgaging them to buy some more.My issue is that I'm a bit behind on taxes, I was living overseas for a while and while technically I was supposed to file taxes during the time I was overseas I didn't.

The type of deal ( hold or flip), your financial situation and goals, the timeframe, price range, and many other factors bear on the decision.Bill Crider

However using NPV for REI may just be overthinking the situation unless you are buying properties left and right.

They are fairly process focused and promptly communicate with me that needs my involvement, so I am surprised of your situation.

BDS has a good Change of Use or Occupancy flyer - https://www.portlandoregon.gov/bds/article/125287 - that lists the exact situation I'm curious about: "changing a house or duplex in a non-residential zone to a short-term vacation rental," but I can't find more detail about it anywhere else.The City has no shortage of info about accessory short-term rentals that Airbnb will partner with Portland to enforce permits for next year, but I'm interested in requirements for non-accessory short-term vacation rentals (as articulated in that link) located in non-residential zones.

In short, we are seeking advice from anyone who has been in a similar situation.

@Karen SchimpfThank you for helping me understand the situation.