Currently we are renting in a city of Orange Co California, where the rent and property prices are higher, however we need to live here due to staying within the school district for my son for at least the next 4 years.Recently we sold some property overseas and have approximately USD $400K in cash.

My out-of-state clients are successfully purchasing BRRRRs and flips deals here because you can still find cash flowing and 1% rule deals here with tons of appreciation.

Louis offers affordability, cash flow potential, and emerging market opportunities but also presents management challenges, unfamiliar markets, travel costs, local regulations, and crime rates.

Cash invested: $80,000 Househack with roommates and airbnb What made you interested in investing in this type of deal?

If you have the cash to burn for a 2nd home and actually love Seattle go for it.

Cash flow is gonna be tough here.  

They are claiming a projected first year cash return of 8% with an IRR of 16%.

I have been investing for 20 plus years in long term rentals and want to purchase my first STR for greater cash flow and appreciation.

Plus location of existing multi's that are "affordable" hurts the cash flow numbers.

That said, I know a few MHP operators that make some pretty tremendous money on the trailers, mostly by renting to people who need to pay in cash and have someone not ask a lot of questions - illegal/undocumented immigrants, transients, probably some criminals for sure, sometimes people (mostly women) hiding from domestic abusers, etc.