Househacking - Portland, Oregon

[Rob Tyse]

Hi all! I have Portland, Oregon as a finalist city for moving to this summer (from Chicago) and wanted to get an understanding of cash flow expectations, and best neighborhoods w/in 15 miles of downtown that would make the best sense to start looking in for owner-occupied FHA house-hacking (2-4 Unit) opportunities. Budget would be around $450-$650K. What should I be expecting in terms of cap rate? Does Duplex typically make more sense rather than 3-4 Unit? What neighborhoods give me the best shot at being cash flow positive after moving out years down the line, and what neighborhoods would you steer away from? Any advice would be very helpful!