To be honest in today’s market I’m not seeing nearly the amount of wiggle room in renegotiating a price based on repairs.

Not sure if the upstairs tenant (heavyset person with a dog) plays a role.Seeking suggestions.

I’m based in Portland, Oregon, where residential investing seems challenging due to landlord-unfriendly policies and negative cash flow on higher-quality properties.

Because it is always changing, but not always warming.....gotta cover your bases y'know.... 

As others said out of state can be more challenging based on location but local or out of state both can be done. 

Even with that, I think we will still be way ahead. 2 bed, 1 bath, 1200sq/ft, detached 1 car garagePurchase Price: $38,000Repairs: $20,000ARV: $96,000 (based off Zillow, but a local real estate agent thought that was pretty accurate)Mortgage: $430Insurance: $55Trash Included: $25Rent: $1,000We are now going through applications for our first tenant. 

Many times the tenants are income based and pay 20-40% wherein only 60-80% may be guaranteed.Aside from the rent percentage issue is pride of ownership.

I have seen loan qualifications based solely on passive investment income from rental properties, social security/disability payments, pension payments, etc. 

Based on an inspection report on one of the deals I worked on last year, I was able to negotiate over $15k of credits and repairs for a $200k house using a $400 inspection report for one of my clients.

Hi Derek,Based out of Surrey, BC and thinking of investing in the states as well.