Do you have a private money lender who will loan at rates that will allow you to achieve your profit goals and for long enough to allow you time to refinance if necessary?

Good luck on achieving your REI goals!

I want to achieve financial freedom before 30 (I am 26 as I write this)--that is my goal! 

That makes a difference in what you can expect to achieve for your efforts.

My gut tells me Lynnwood will only become more desirable as the population and employment boom continue in this area and your possible appreciation over the next few years will outshine investments in $125k houses that are made to achieve the 1% rule.If you do decide to proceed, may I suggest a 1031 exchange?

Thanks for the well wishes, best of luck to you too in your journey to achieve your goals @Brandon L.

I imagine there will be those who rent in lower income areas, and are able to achieve better cap rates.

I feel easier said than done and want to have an honest expectation of what we need to do to achieve our goals.

Thanks for posting and all the best in achieving your goals.

I try to get atleast $350 per door after all monthly expenses and it's very achievable here in the Orlando area so far.