A property manager cost will depend on the area I've seen it as low as 5% in high rent areas, but the national average seems to be about 10%. 

It is herd mentality that people buy high and sell low.

The other comments are about low down payments.

When I show houses in the 250k range (very low range), we're most likely going to SeaTac.

(I think that is low but let’s run with it).

Based on the zoning I can do nearly anything I want.I am looking for a low neighborhood impact business that has a high cash flow with low entry.My thought is in buying shipping containers and packing them in tight on the lot and creating a commercial storage business.By my estimates the property could generate up to $96k a year with less than 1 year's income to reach full build out.Any one have experience with this model?

Hi BP Fam, I want to break into the real estate investing world, funds and knowledge are just a little low now.

Aggressively low buy in price point. 

Is the American market unique in having areas with relatively low capital costs but high rents?

My original thought was the seller was getting cold feet and wanted to make sure he wasn’t giving the property away at a low price and may wanted to find a way out of the deal.