The rental market in Tacoma is strong.

@Nathan Faselt do you have a good relationship built with the company owner or strong presence in the market?

Even if everything else is 'right'  (i.e. market is strong, neighborhood is solid, etc...).?.?

I strongly believe in timing. 

I strongly considered a refi and fixed-term loan, but I decided on the ARM with an aggressive payoff schedule.Twice last year, I looked seriously at rental property - once getting approval to finance, the second time I worked out a 3.5% home equity loan at for 80% of my current house, which would have bought the other property outright.

And if you are busy wondering where you are going to get this initial rehab milestone money, strongly consider if you are ready to rehab.

@Matt Aquino I just completed a project with Oscar and I strongly caution you against working with him.

I found that area to be an excellent opportunity to create passive income and strong capital gains.Looking forward to connecting with you, who knows maybe even do a deal together

I would strongly suggest you beef up your reserves.

Unfortunately there's no way to aggregate cash on cash returns for a given area.Cash on cash return is dependent on leverage, operations and the market.For example, leverage.