There sure is a shortage of single family homes in the area.

Good schools, great houses, tons of new jobs and a shortage of houses.  

That, coupled with no shortage of renters (see Steve's final bullet point) should make for a great investing climate.Just my 2 cents :)

We expect rents to continue to increase due to the shortage of properties that will profitably rent in the $1000/Mo. to $1400/Mo. range, steadily increasing population, increasing job quantity and job quality and diminishing build-able land in desirable areas.$5000 and Withdraw $500/MoReal estate is fundamentally different from other types of investments.

To put it another way we have a housing shortage going on right now! 

Most investors don't realize how much it can cost for labor shortage labor driving wages up, LNI (our is around $5 per hour for framers), workers comp, FUTA, SUI, FICA, etc.

If the market slowed down in 2016, there are still housing shortages in Kirkland.

If we think there's a housing shortage now, it'd be 10x worse if repealed.He doesn't think 1031 exchange and depreciation will be eliminated under the Tax Reform Bill. 

Many of the submarkets there have very intense demand right now with a shortage of inventory.  

Local banks may take into account the shortage of multi-family and may see less risk in you getting it rented.