I moved here from Portland in 2020 and now own 10+ rentals, and it’s one of the few markets where you can still find homes in the $120–180K range that hit the 1% rule and cash flow from day one.

You can still find affordable properties in the $120K–180K range that hit the 1% rule and cash flow right away, plus the appreciation potential is strong.

What is your price range/down payment amount?

The best part is the affordability is still there—you can find 2–4 unit deals in the $120–180K range that hit the 1% rule and cash flow, which is tough to find in a lot of other metros.

The best part is you can still find affordable properties in the $120K–180K range that hit the 1% rule and cash flow from day one, while also benefiting from strong appreciation potential as the city continues to expand.

Since you mentioned out-of-state, I’d definitely suggest checking out Columbus, Ohio—it’s one of the few markets where you can still find affordable homes in the $120–180K range that hit the 1% rule, cash flow from day one, and have massive growth drivers like Intel, Amazon, Google, Facebook, Honda, Microsoft, and LG moving in or expanding here.

I know DOM for those houses listed in 1.1.M-1.3M range.  

Others are going after multis in the $400–$600K range for bigger long-term rental returns.As for specs, 3–4 beds and 2 baths seem to move fastest, but if the property needs work, it’s usually priced lower to make it worth the rehab.

For example, $24k a year at a 7% cap would put the value somewhere in the mid-$340k range.

Do you have a price range?