Covering debt service in expensive markets (Seattle)

[Jason Giroir]

I am looking for multi-families in Seattle. 4-6 units, give or take. Like many expensive markets, even if I can negotiate a better price, spruce up, and raise rents...I see pretty negative cash flows.  I'm sure this is a basic question, and I'm willing to look at a deal over the long term, but considering the high prices, the negative flows aren't trivial.

Open to advice, calculators, etc.  We've got $ to invest. 

Thank you