New to REI, exploring idea of investing in Oregon

[Andrew Tistadt]

Hello all!

I am brand new to the idea of real estate investing (thanks to my wife encouraging me). I have been content to be a homeowner of my primary residence, and to work full-time in my W2 job (in the medical field), but I'm starting to feel like it's time to look for sources of more "passive" income for our long-term financial well-being.

My wife feels like as our first investment we should aim for getting a short-term rental, due to increased cash flow. What is the Portland market like for STR's? Any cities/suburbs (including in Washington) that are more or less favorable toward an STR? With the high price of real estate in Oregon, plus high interest rates, does it even add up in this region (granted, there are a lot of variables). I appreciate all thoughts/comments.

Thank you!