Bend
Bend MSA / Central Oregon (Bend + Sunriver + Sisters + Redmond)
Four-jurisdiction Cascades market. City of Bend RED for new arbitrage (500-ft Type II density rule kills >50% of residential parcels). Sunriver/SROA is the prime arbitrage hunt — HOA explicitly permits + operationalizes STR via Recreation Plus Program, plus Caldera Springs. Sisters small/restrictive (8.99% TRT, 500-ft, $500K insurance, non-transferable post-2018). Redmond is loosest (business license + TRT only, no density cap surfaced). Designated STR Developments inside Bend (Mt Bachelor Village, Broken Top, Deschutes Landing) are the only intra-city escape hatches.
City of Bend RED: 500-ft Type II separation rule + non-transferable permits + $750/violation/day fines + active code enforcement. Surrounding jurisdictions vary GREEN (Sunriver SROA) to YELLOW (Sisters, Redmond, Deschutes unincorp). Composite tier defaults to RED because the named city is the closed jurisdiction; arbitrage must hunt outside city limits.
Bend deep-dive: full report ships with your first pack.
Permitted zones, banned zones, HOA-permissive buildings, friendly PMs, ADR/LTR benchmarks, seasonality, and red flags — all delivered alongside your 50 ranked leads.