Bellingham Washington Cap Rates and Rent/Price

[David Long]

Hello BP, I'm new to investing in real estate, but have taken the time to educate myself somewhat.  I've been looking at mostly two to four unit properties in our area and crunching some numbers and wondering if I am arriving at reasonable conclusions.  It looks like a 8 - 10% cap rate and a 1% Price/Rent ratio may be decent targets for small multi-family properties in the Bellingham, WA area.  I'll be interested to hear what other investors have to say.  Thank you ahead of time for your responses.