On the other hand if everything about your business is operating on a raisers edge it does not take a correction to sink your ship.

I've created my SOP (Standard Operating Procedures) for the organization and have lots of perspective from the stakeholder experience of a renter and lessons learned from the PM company owners.

Technically, you're going to have no problem as long as your lender can operate in Oregon, although having someone familiar with the area, norms, and players won't hurt.

PenFed is your best bet, and if you don't qualify by military connections, you can qualify by joining a military support organization (through a small donation)

The Capital District, where I primarily operate, also has property fitting your requirements, but that’s a real hike from NYC.

The rental income isn't the important number, it's the net operating income that you're looking for.Come back and post the numbers here, I'd be happy to take a look as I'm sure others will too. 

@Karen YoungThe new law does not treat S-corporations any different from other types of entities, including no entity at all.There could be a tax benefit from an S-corp status if you run a highly profitable operation in flipping or wholesaling, as opposed to rentals.

That is very hard with off market deals, because the information about the property is often times hard to get - there is no data sheet about the property - and you are operating in a legally less regulated space.

Its on a cul-de-sac close and walking distance to Springwoods Park.This is a great way to live very affordably in Austin, build equity, and learn how to operate rental property and manage tenants (if you choose). 

@Daniel Gorman Just put a buy out option in your ppm and operating agreement.