Investing in Portland Metro Area Rentals

[Cameron Rouse]

Attention Portland, OR investors; If you were investing in a rental property in the Portland metro area, what area of town or outskirts would you invest in if you had a 150K-300k range?

I'm 28 years old and purchased my first home 3 years ago in a good SW Portland area, rehabbed & rented it, and now have a home producing $500/month cash flow with 150K in equity in it.

I just purchased a residential home near downtown PDX by OHSU on Marquam Hill that I plan to rent out in a year. While it is in a great area, I don't think I will have positive cash flow on it. I'm thinking I may have made a mistake on this decision... I'm hoping that since I have a long term buy n hold strategy that it will work out.

While I would love to purchase more rental properties in SW Portland, I'm thinking I should look to invest outside of Portland since it seems rather hard to find cash flowing properties now.

Any advice or experience you would like to share would be appreciated. Thanks