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Registered
Join Date: Jun 2007
Location: Lake Oswego, OR
Posts: 6,308
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Many 2,3 and 4 answers are local law/code dependent.
Insurance is about the same.
Maintenance is more a function of age and current condition. I don’t spend 10%. Ever.
Financing you can do conventional but you will need 25% down in almost every place I have seen.
My wisdom? 1) hire a manager. 2) buy for cash flow. I really want to see 10% cash back from my investment. Hard to get!
Good luck. What area? Example - I don’t like Portland currently. Over priced and oppressive city council.
I have self managed and hired managers. Never self manage again. Never.
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