However, we moved to a better area to practice medicine and will make close to 400 k each a year once she is done.Its all situationally dependent.

Add up expenses such as garbage service street lights, street repairs and replacement ditto for sidewalks and parking water and sewer replacement and leak repairs water and sewer costs management water testing if well electrical repairs non-collectible rents vacancy filling vacancy by buying homes moving and set up of same vandalism insurance stupidity snow removal attorney retainer court costs 1000 things i forgot oh, new hair when yours is all gone nerve medicine and doctor bills taxes and more taxes

Cuz that will be quite the catch.are you paying retail against 2 years of rapid (and a portion of which may be artificial) appreciation?

@Bryant Clark I don't know the exact area where you are considering this purchase, but I have seen some investors in pretty rough Denver neighborhoods take 3/4 bedroom units in multi-family buildings, perform a light renovation, and then rent out only to section 8 tenants - because this makes the numbers artificially high -and extremely attractive to the next investor. 

I want to cash out at the age of 115 and use the cash to buy artificial organs to live forever, lol.

This market is highly speculative and artificially pumped by out of state investors.

This is assuming ARV/appraisal is genuine and not artificially inflated.

But, looking at the natural resources that are close to Portland and the artificial urban growth boundary continue to keep it desirable on the list of places to reside.

There is another old saying "Good Diet - Medicine Not Necessary, Bad Diet - No Medicine Can Help".2 Branches of our Corporate Ownership (Pharm and Food) squashed that one.

Rates have been artificially low for a long time (eg 10 years).