I'm also in Seattle and recently lived in Denver, two cities with exploding real estate values such that it is difficult to find properties that cash flow without looking in the fringe cities such as Everett, Tacoma or even Olympia in Washington or Aurora, Fort Collins, Colorado Springs in Colorado. 

With “exploding ARMs” and loans without the documentation you just had a lot of people that literally couldn’t “ride it out”.

My head was ready to explode after a short time of discussing this with him.I have a purchase agreement for 20K.

But I will tell you since I have written this my business has exploded and I am growing and growing.

Purchase price: $256,000 Cash invested: $12,000 Sale price: $365,000 I originally bought this home as as buy and hold for long term but the market exploded.

The cash flow is very strong and the area is exploding so I can be patient.

Prices have really exploded and there seems to be an abundance of airbnb's.

The market is exploding, and you'll miss out on a year of appreciation.

The moment I shifted my focus on finding deals is when my investing career exploded.

PITI comes in around 730, rents for 1340/mo, renewed lease just before everything exploded so it's a little below market.