Frustrating

[Eric Stanley]

This may be a noobie question but how is it possible to get into real estate in an area that is booming? I live in the Portland Oregon metro area and the prices of both single family and multi family houses are so much now that none of them cashflow. For example single family homes are averaging near $350,000, which would rent for appx. $1,800/mo. That doesn't leave much wiggle room and in some cases won't cash flow. I don't want to consider out of state investing, anyone else in this boat?

Thanks in advance