After all fees, the net rental yields seem to be 6-7% (Tokyo suburbs, Osaka, Fukuoka) to 11-12% (Sapporo).

If it were me I would probably go to Ohio for a month or two, fix them up just enough to sell for a decent price and offload them while the market is hot then use that money to invest locally such as a duplex in a gentrifying area near where the olympics will be.

I have personally had a good experience with Olympic Rentals, Todd is the owner there.

That said, with the expo line, proximity to downtown and freeways, plus the coming Inglewood Stadium, and later olympics, leads me to think that an ARV of 650k is not unreasonable, but I would expect it to be a better hold than flip.

/ 1 HR commutePort Angeles - Olympic National Forest / Year Round, High Demand / 3 HR commuteIf you've ventured into the vacation rental market in Washington and have valuable insights to any of these areas or any general tips, I would be incredibly grateful for your input.Looking forward to connecting with all of you!

Aside from Tokyo and Osaka, investors lean toward Japan for its cash flow market from rental income, and low price properties.

Most of all, I wonder is PDX BECOMING THE TOKYO OF OLD?

Also with prices shooting up here in tokyo would it be advisable to look in another population center, or wait for a good deal locally? 

I haven't had any experience w/ renting a house w/ a yard here in Tokyo, so I had a look on the net - they say that it should really be spelled out in the contract; and if its not spelled out explicitly - some say that its the owner's responsibility while others say its the tenants.Sorry there doesn't seem to be a clear answer, but let me know if you have further questions.

Price is $955k and HOA is about $400/month.Option 2: 3BR/3.5BA detached home in West LA/Sawtelle between Santa Monica and Olympic, 1950 sq ft.