It's a econ 101, supply and demand.

Here’s how you can evaluate the investment potential in this area and ensure it aligns with your goals:Local Market Research: Since these are new homes and there isn’t much inventory for 3-bedroom, 2-bathroom properties, you could benefit from a high demand and low supply situation.

Can I write off BOTH the moving truck that I will hire AND my entire cross-country road trip (hotels, meals, supplies, etc.) to get my car there?

It's a great idea in the low debt, moderate supply world.

For example, in AZ per flexMLS data, the rise in the number of rentals has increased from 2,000 units on 1/1/24 to nearly 4,300 listings, not counting the explosion in supply FS on the MLS.

The performing lease coupled with supplying your own comps that support it sometimes works.  

@Kesha Diaz you shouldn't have to enter anything on your own.Your PMC should supply with a 1099 for 100% of gross income and an annual P&L supporting that income amount with whatever expenses they paid on your behalf. 

If you do it all yourself at minimum your looking at probably 5-7k on the kitchen, 2-3k on the bath, 1.5k in the floors unless you are using the peel and stick tiles, close to 500 in pain and supplies.

STR's are a limited asset class and on the Oregon Coast the STR search is compounded by exponential demand and exceptionally finite supply.  

One thing you'll want to think about as well is the supply.