The property has 4 identical units, 2 up and 2 ground level. 

Hi@Yvette Chung  You need more information during this inspection phase.

I am assuming with your painting and construction back ground you did all the work yourself (?) 

I'm extremely excited and motivated as I move into this phase of my life.

Need clarification on cash flow during refinance phase: Purchase 200k; initial down 40k; rehab cost 20k ; suppose ARV 250k; rent from unit $1400; so if I refinance then the amount I would want to take out would be the initial loan of 160k + 60k of my money to put in the next house.

House has a high basement but only about 3 feet is above the ground.

The majority of the councilmen are not only going to vote for the temporary ban for short term rental properties, but they are also going phase out short term rentals completely.

Back ground of issue below from SellerPertinent facts for analysis: My wife and I acquired the properties through a quit claim deed signed by N**********, manager of McGinty Land Co.

On one hand, ORS 90.392 (sec. 2a) clearly states that failure to pay a late fee IS grounds for lease termination, as does ORS 90.630 (sec. 1(e)A)On the other hand, ORS 90.260 (sec. 6) states that (emphasis mine):A landlord may note the imposition of a late charge on a nonpayment of rent termination...so long as the notice states or otherwise makes clear that the tenant may cure the nonpayment notice by paying only the delinquent rent, not including any late charge, within the allotted time.To me that seems to indicate that, once you give the tenant a notice of termination due to not paying rent, the tenant can fix the problem simply by paying the overdue rent.

Good Morning Bigger Pockets Community,I am considering going into Wholesaling as a starting ground for real-estate investing and I want to make sure that I do everything properly.