Moreover, I'd be happy to chat if you want to learn more.

This increased the required household income to purchase the median-priced home by $6,400, to $119,700, after also accounting for the cost of tax and insurance.

Six Areas of Focus:Florence OR - Proposed regulation but nothing formal yet..within city limits properties are eligible for STR usages with a business license to remit local occupancy taxes. 

Although with tax write-offs, depreciation, and equity growth, this property is still a positive of $15-$20K annually to our net worth.

Also, do you know if they verify the previous LL is actually the true owner of the property via tax or other records?  

In terms of tax implications how does that even work?

I've been researching and learning everything I can for the last few months now but I think I need to just jump in and get some experience.

There were a lot of things I did not know about the business of multifamily, however, the biggest “A ha” lesson I learned was actually about economics.

Then learn all about it and take action.

🌴PS - It might also be a tax write-off for you.