My guess: 12/31 2016 - 5.1% & 12/31 2017 - 5.9%. 

Just curious why you are guessing what the cash on cash return will be.

I am not the buy / hold king yet but I have to claim it for it to come true lol Let me guess.... your not a surgeon either, but you stayed at a holiday inn last night.

The estimates given for the repairs are just a guess. 

Not many would be my guess.

I guess you could circle it indefinitely and never risk any attempt to contact any owner or heir. 

I guess I would just check out Amazon or someplace like that for some books that seem relevant and interesting to any specific real estate topics you may find of interest (flipping, rental properties, farmland investing, etc.,)  While these books may not really guide you to getting a license -- so I guess I'm not specifically answering your question -- they will broaden your real estate field of knowledge and should help you in your career in the long run.Other than that -- study, study, study the licensing materials!

Obviously, it takes more money and time since purchasing to sale, but i guess it may be more profitable.My question is:I read the main rule on rehab market is 70% rule, but i assume on improvement and re-building segment there are another rules, because we can get price above average market price.

For the property itself I'm guessing it will be a tax loss this year when you include your depreciation and property related expenses (ie loan app, rehab, phone charges, travel, property tax, etc).

PDX is competitive as all heck ... but I guess great markets are like that.YOu can always hit me up if you have a deal as well if for some reason you get stuck