Portland, OR rental market - Am I naive?
I am looking to buy my first rental property - highly considering multi-family units. I just had a conversation with a real estate pro today.
The vibe I got from my conversation this morning was that the Portland market is not good and that I should look elsewhere. While that may be a possibility in the future, I would prefer to have my first property nearby so that I can easily take care of the place and learn.
Am I naive to think that I can find a good deal here that will give me positive cash flow?
Should I really look elsewhere?
What is the landlord's perspective of the new rent control laws? Is this really a reason to run away from investing in Portland?
Thanks in advance for any insight that you may have!