Here’s a excerpt from the SF Gate explaining the mystery: "Lenders nationwide are sitting on hundreds of thousands of foreclosed homes that they have not resold or listed for sale, according to numerous data sources.

I've also seen numerous cases where a basement unit is added.

These are discussed in numerous other postings.

ROn, that's an over simplification and I doubt the numers are reliable.

Tenant applications are less numerous starting in the late fall through winter (at least in Northern states, and you are located in WA which I consider in the North).You already said that you missed the rush, so the next rush would be expected to begin in the later part of this month of November (think Thanksgiving, Black Friday and Christmas shopping), when people really won't be looking to move as much.

No, you did it right -- the numerator is net operating income before debt service,, and the denominator is the price.

You need quite a few units to justify a full time employee, so you'll be hiring one of the numerous PMs around here.

My concern was that the numerator and denominator both go up (NOI, Cap rate) during times of high inflation.Vikram

Invest in your education (go to the library and check out numerous books on real estate investing, go to your local REIA meetings and network)3.

We thought we had found a good management company, but on going to visit a couple of weeks ago found numerous problems in the house, all to do with total neglect.