Seattle prices are through the roof (again?) so how does one make a profit investing in single family rentals around here? Well, you either have to get a heck-uf-a-deal on the house and have the cash to fix it up OR you just have to have a large enough down payment to get the monthly mortgage payment below the what you are charging for rent.
True, Seattle rents are also through the roof so plenty of people are putting up the cash to purchase single family homes as rentals, I think LONG TERM they can be wonderful investments… call me if you want more elaboration… but here is the reason I really posted this: Check out these investment opportunities!!! Sure, you will want a property management company since you are not in state and there are multitude other considerations, but for little money out of pocket one could get (relatively) big time profits! I just love this stuff… http://blogs.wsj.com/developments/2013/04/04/bang-for-the-buck-where-investing-in-rental-homes-is-most-profitable/