@Stephan HaasIf you get the chance, don't forget to put in a proportional Offer of $15k in for that 6 Unit property up the road (unless you think that's too much)!

You can also find good information from the census bureau about the proportion of home owners vs renters in a city, but bear in mind that this number can change drastically once you drill down to specific neighborhoods.

Another strategy we have been using is looking for houses with unfinished basements (typically Everett seems to have the most of these), but the caveat there is more often than not these houses are quite old (1930-50s) and can still have original knob and tube wiring, cast iron plumbing, asbestos or lead-based paint which can add a significant amount of cost to rehab without necessarily seeing a proportional return.

Well, there's always Bitcoin :D.Seriously though - as much as I hate the hair-brained and pandering policies Seattle City Council and other similar governing bodies, I think we as landlords tend to blow the eviction thing out of proportion.

No matter where we look in SoCal, everything's blown out of proportion.

@Nam Tran Some of this has to do with the actual dollar amounts (or proportional dollar amounts) involved.  

Then stress your returns assuming this higher rate, and verify that you're still cash flow positive in that worst-case scenario.If we get very high rates and inflation, and it happens in a compact period of time, bank earnings/capital is going to come under a lot of pressure due to the way they structure their portfolios.

Some of the proportions of the windows drive me crazy, too.

With the potential profit level growing mostly in proportion with the value of the asset it does not make sense to acquire anything lower than a $50K budget. 

The higher end homes rent for less proportionally than the lower priced homes.