Honestly, I'm curious to see what the other, more established and knowledgeable BP members have to saw about the market here in Bend, but I've got some general feedback: Prices have been steadily on the rise for quite a few years now and there was/is a "housing crisis" due to the high demand and low supply.

We have a lot of units, so even though it is an advantageous way to schedule leases, I like having some movement in the winter so we don't get stuck with 50+ 24 hour turns in May when labor is in a shorter supply due the how busy the market gets.  

Turnkey sounds great, but if you buy in a low supply and demand area during downturns, you could be stuck with a bad investment.

Feeding it when it's renting for $2400/m ... in a naturally supply constrained coastal area ... with Prop13 tax protections ... and a growing market ... is, different.In that situation, it doesn't take much for rents to rise 10%. 

E.g. 1) Form LLC 2) Find credit union that lends to investors 3) Supply proof of funds, etc. 4) Receive pre-approval? 

There is certainly a large supply in Old Northeast but none appear to be for sale.

This is straight from the landlord forms I purchased from BP"(B) The following furnishings are supplied with the Premises _________________________.

What is the population growth compared to supply of homes?

In DFW for example the typical C Class property is now selling for say $60k per unit but again that still depends on the size of the units and specific location/sub-market/demographics/supply/demand/cap rates in the area.

Latest Data On Houston Market From RECONHouston Housing Market Has Strongest January On RecordHOUSTON (Realty News Report) – The new year started off on the right foot as local Realtors had the strongest January ever.The Houston Association of Realtors (HAR) reported 4,469 single-family home sales in January, up 8.9 percent from the 4,104 sales in January of last year.Housing inventory was unchanged from the 3.3-months supply a year earlier.