Seeking Advice on First Real Estate Investment – Focused on Cash Flow & Stability.

[David Suho]

I’m new to real estate investing and looking for input. My goal is to diversify with an investment that generates steady cash flow, even if it requires a larger upfront investment and lower overall returns.   I’m based in Portland, Oregon, where residential investing seems challenging due to landlord-unfriendly policies and negative cash flow on higher-quality properties. I’m also not keen on out-of-state investing or syndications due to the lack of control.   Investment Criteria: • “Core” strategy – High-quality properties with minimal renovations or maintenance issues • Stable tenants & cash flow – Long-term leases, steady occupancy • Commercial preference (?) – Considering Class A properties with established tenants • Less focus on appreciation – Prioritizing income stability over potential future gains   Current Opportunity:   I’m evaluating a retail property in downtown Portland with: • >80% occupancy, most tenants in place for 10+ years • Decent cap rate (6-7%), NNN lease • Well-maintained, high-quality building, with existing HOA which will take care of maintenance.   I recognize that commercial real estate is struggling, with ~30% vacancy in downtown Portland and homelessness issues, but I believe this property’s tenant stability and quality make it a lower-risk option.   Would love to hear thoughts from experienced investors—does this approach make sense for a first-time real estate deal? Any other investment ideas that align with my goals?