Both were built in the 2000s and are in nice neighborhoods.

It's nice to know I'm not the only one addicted :) At least our addiction helps people and our business at the same time lol!

If you want to stick with your original plan/question why not just find a good Realtor in your area that currently runs property management and move slow - acquire nice properties and play it safe staying within your metrics.

If so and you believe they are messing around then it looks like you have a nice pocket.

Nice to see more people from the Portland area on here.

Your main advantage right now is that you have CASH -you can walk into *VERY* nice deals and enjoy good rent profits without trying to beat out a mortgage or risk crazy rehabs.

It's nice that your already in the REI meetings happening in your area, cause mine has none that I'm aware of (and I've searched).

Trailer park within a nice residential neighborhood with houses in the 200k to 300k range.Seller is asking for 6-8k and I want to get it for 5.5k.

While there is more risk in rehabbing, that is where the most value is created, in taking a run down place and making it into a nice place that can command a retail price.

Its a really nice town that I have not been able to get a rental in because the prices are just too high to make sense.However, this multi-use building just popped up.