High home prices, Low rental market
I have been searching for homes in Ellensburg, Washington recently to keep things manageable and close to where I live. There is a University here with proven rental market. The issue is that the home prices here are so high that it's extremely difficult to find a good cash flowing buy and hold property.
My questions are:
Anyone in Washington State noticing the same thing with rental income market compared to high home prices?
What is your advice besides to just keep waiting for the right home to open up?
Thanks to all for your support!