Buy and hold decision
Hello everyone,
I understand the relevance and the idea of minimum 1% rule. Based upon online research in my surrounding areas and the prevailing monthly rent they have the potential to generate, I am having hard time to see the numbers working. Getting 0.5-0-6% might be doable with negative cash-flow. I'm less inclined to invest in unknown out-of-state areas yet, based upon some of the horror stories I came across here even on the turn-key properties and also since I know, it may not be feasible to visit the out of state property so often (mid-west and other geographies).
I'm trying to find some advises from fellow investors (Seattle based specifically) - in which areas in WA state this 1% may be close enough to invest that have good enough employment/working class neighborhoods (low vacancy) that would be recommended to target and research upon? I'm open for both SFH and MFH at this point. Thanks much