Quality and consistency of cash flow (which is directly a function of the quality of neighborhood and tenant base) as well as equity position and capital reserves matter tremendously, more so than amount of positive cash flow IMO, in mitigating these situations.

My wife and I have been shocked by the robust rental market in the area with recent industrial job additions, and are looking to get into buy and hold rental units.

If so it's really simple math, your profits are a function of your collected rent and expenses including your debt.  

Tara,If you use the search function and search for the name of the person/course your looking for you'll find a bunch of information about whatever you are looking for.

Its kinda hard to describe but how things functionally work in regard to a house has always made sense to us.

@Catherine Barnes  no question rural oregon just like rural WA has very high unemployment.. but the PDX metro area which includes vancouver WA.. job market is robust. anyone who wants to work can work.. anyone not working is not working by choice.there are signs all over the place and banners in front of retail stores looking for workers..

I updated the biggerpockets Android app this morning and does not seem to be functioning correctly.

Your market then consists of very similar properties as to location, style, type of construction, utility function, social aspects that play on demand.

We do offer services to note investors as a function of trying to add some valuable tools to the new and experienced note investors while not charging them for expensive seminars.  

If your end goal is to own/flip a SFR in Old Louisville, then starting with a functioning multi is not going to be the best way to achieve that.