Quality of the homes Is hillbilly trash to the extreme but area is nice..

Most markets in the US have transitioned from extreme sellers markets to more balanced ones.

As for regulatory issues we the city we got extremely lucky since we are actually just outside of the city limits so those do not apply to us.

-Check how many 'rental' allowed in the HOA, this is extremely important, you don't want to buy condo where rental is not permitted- The condo appreciation and cash flow are really dependent on the school and neighborhood class/city/state wide.- If it's on class A and A school rating, the appreciation for that condo could be higher than even SFR.

That is what I do and it works extremely well. 

These two items can result in extremely poor returns if the purchase happens to coincide with a period of modest or worse appreciation.  

Hello everyone,I am extremely grateful to have found this great platform and a community like you all:)I am new to real estate and rental property investing, and I am starting to run the numbers on listings to train myself to see if there is Cashflow. 

Right now I am based in Aberdeen, WA and am extremely motivated to purchase my first property, specifically a multi-family.

This price point is extremely challenging to say the least.

I went in extremely leveraged with effectively zero out of pocket.