Rentals in Lents neighborhood of Portland?

[Tara Ballenger]

Any buy and hold investors with property in the Lents area (or surrounding neighborhoods) in Portland? If so: how's it going? 

[Zach Davis]

Buying properties with tenants in place can get you into trouble but it can also be a good way to get a deal. I do value add, buy slums and rehab them and in my experience, the slumlords are lazy and don't want to deal with the evictions. I've been able to get the last 2 properties at a discount just by not making it a requirement. I'm not advising this but it is an option IF you factor in the cost of the relocation fees in the case of a no cause or are willing to put in the time and likely expense of a with cause.