Spokane, Sandpoint, Coeur D Alene

[Anne Donohue]

I am new to real estate investing. I own one rental property SFH in Dover, ID. My primary residence is Spokane, WA. My goal is to buy a STR in CDA. I am totally new to real estate. Does anyone have an opinion about whether the CDA market is a good buy for STR? Where in this region would you recommend I buy investment properties? Can you get positive cash flow with a STR in CDA if I only can put 20% down? I don't know anything about property management. Is it worth the time if you have a high paying professional job? Should you always use a property manager or should you self- manage if you have a real job already?

[Zeona McIntyre]

@Anne Donohue if CDA votes on a moratorium as Nick mentioned, it could become a good opportunity to own right outside of the city limits. 

I also suggest looking into a 10% second home loan if you live more than 50 miles away from the subject property or if you can bring an out of the area partner on. 10% down improves your cash on cash return.