I am active in both Memphis and Seattle and I think it is a good strategy for him to buy in Memphis but only if he works with the right people in the right areas.After his passive income exceeds his expenses, then time the Seattle rental market for appreciation.Honestly, about 6 out of 7 investors who I know and watch in Seattle lost their money during the 2008 crash.  

Before the crash I could blink and a big bank would lend me money...not so simple any more.

I know a lot of good people that had bad luck when the market crashed.

The map seems to want to crash, but sometimes I get lucky and it doesn't.

@Bob Faulis Not only you have a couple of people reading your updates, you actually made me create an account here and start thinking about getting into this industry after having a really bad experience with the market crash, that led me to go into other industry (Recycling Industry) where I'm doing OK at the moment, but maybe I should start to diversify my sources of income.  

Prices have continued to climb even with oil crashing in the past year and the drought hitting ag pretty hard.  

So we need to prepare for that eventuality.As we say in the motorcycle world, dress for the crash, not for the ride.Eddie

I wasn't aware that California had recovered to the point that someone could have that type of gain on a primary residence unless he bought it 20 years ago or at the bottom of the crash. 

Click below (and you'll be directed to BP Member blogs).Here's how you can make money in real estate even when it crashes again (and crash it will...it's just a matter of time).

good because the next crash will not affect us much, just like that last one didnt.