The resale value of rental property in this scenario gets absolutely crushed because the vast majority of buyers exit the market.These scenarios are particularly germane to California rental real estate that doesn't cash flow at its current value. 

@Mike SierraYou have come to the right place to connect with the wide array of real estate professionals and investors.

IMO, Breckenridge has it all of you want access to a vast trail system (all seasons/sports), recreation paths, events, and a walkable/bikeable lifestyle downtown.

I can look in two different towns and what $300K will buy are vastly different. 

@Brad Van SickleYou have come to the right place to connect with the wide array of real estate professionals and investors.

My wife and I absolutely love Hawaii (although we are from GA (-: ) and think that -- now that Oahu, Maui, and Kauai are essentially maxed out or unaffordable for the vast majority -- people will be flocking to the Big Island in the near and distant future.

Neither of these is an option in your typical condo (as the vast majority of condos in our market are 2 bed, 1-2 bath units).Have you looked into the Washington State Housing Finance Commission downpayment assistance programs?

I don't currently own an investment property myself but I do have vast knowledge on investing.

I know I will have to adjust my strategy for this market as it is vastly different than the northeastern market my partner and I are currently targeting.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.