We haven't been near the 1% rule for years in the PNW, in most attractive/hot neighborhoods. 

Most of the homes I like are $500k-600k and up to 3000sq ft, so rent would be on the higher end for this area. one of my concerns is whether a larger house like this, with higher rent, would still attract tenants?

The pros are numerous including; lower down payments, low fees, flexible terms, no prepayment penalties, etc.

Great location close to local attractions, restaurants and shops.

In fact, you have to actually become behind for numerous months before they do that.

After I watched this video I decided to ask ChatGPT the keys to building a $100 Million multifamily real estate investing business (coincidentally I am writing a book on this topic)ChatGPT's Answer:There are several key factors that can contribute to the success of a multifamily real estate investing business:Develop a strong business plan: This should include a clear vision for the company, as well as specific goals and strategies for achieving them.Build a solid team: Surround yourself with knowledgeable and experienced professionals who can help you identify and acquire quality properties.Focus on a specific market: It can be helpful to specialize in a particular type of property or geographic location, as this can allow you to build expertise and become a go-to source for investors in that area.Invest in high-quality properties: Look for properties with strong potential for appreciation and cash flow, and be willing to put in the time and effort to make necessary improvements and updates.Utilize effective marketing and networking: Network with other professionals in the industry and use marketing strategies such as social media and targeted advertising to attract potential investors and buyers.Manage properties effectively: Proper property management is crucial for maximizing the value of your investment and ensuring the success of your business.Continuously look for opportunities to grow: Stay up-to-date on market trends and actively seek out new investment opportunities to continually grow and expand your business.This is a pretty good answer, and frankly it's amazing when you step back and consider that this service is brand new and 100% free.AI is going to change real estate investing, along with every other industry.

Does $600/unit attract the wrong kind of tenant?

But economies of scale is attractive.

We removed numerous sconces throughout the room in favor of overhead lighting.This used to be a four seasons room which was enclosed at a later date, but some of the exterior aspects remained.

There are hot sub-markets and certain price points definitely attract more buyers, but overall it is a great time to be flipping houses.