But I did'nt care about how long it would take bc I was living the house.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

For those looking for quick access from Portland and also not requiring full short term rental-ability the areas of Cannon Beach, Arch Cape and Manzanita are majestic and luxury real estate areas.

If I were to do so, I'd definitely look for small multi-family as opposed to SFRs, unless you're wanting to create a short-term rental(STR). 

I personally love Columbus in terms of doing value add.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

The ultimate goal would be to rent it out for short term stays or possibly as an event venue (in addition to being on farmland, it's surrounded by pine forest and waterfront).

The borrower was overqualified, the property was cash flow positive, I approached a local lender and due to the strength of property and borrower they provided essentially conventional terms of 25% down on a 25 year amortization where as other investors could only consider the transaction as cash. 

You either need to be in it for the long run or get out IMHO.

Getting into the story behind this one..This deal was sourced from a large corporate wholesaler (no names) Originally listed as 179,999 as a "wholetail" deal with an "ARV" of 250,000 I walked the house and estimated it needed little in terms of repairs, though I knew a realistic ARV was between 215-230 However, there were tenants in the house without a lease agreement with the current landlord.