Interest rates are NOT high right now.

Quote from @Marc Zak: In the market where I live (San Diego), appreciation has been strong and many predict it will continue to appreciate in the long term.However, with current interest rates (6% at best) and property tax (2%), the annual cost burden is 8%.Am I correct in saying that appreciation has to be above 8% annually (plus whatever my maintenance and vacancy costs are) for me to make any money in this scenario if the property is cash flow neutral?

Will interest rates go up or down when Freddie/Fanny are 100% privatized?   

@Ed Lopez our thoughts:1) $65 is average hourly rate for handyman in Metro Detroit.

Are there any meet up groups in Seattle for "remote" investors?

It can be a very good market, but the why behind your choice may help us give you better advice on how to move forward.Before realtors and property managers, you really need to meet other investors so you are making a good move by trying to do that here, but it would be better if you could do it in person.

I'm currently pre-approved but my lender gave me a "mid-level rate" which I believe isn't my actual rate since I haven't chosen a property but me not being as educated on the behalf and thinking it was my actual rate I decided to rate shop a bit.

This person likely has a 30-year fixed rate mortage financed at less than 4.5%. 

I'm also very open to meeting other investors and to exchanging ideas. 

Hey @Vanessa Lozano get out to some meetings and meet some people.