In this market, you don't have the luxury of taking your time.

We buy detached single family homes, but you can definitely go with a town-home if that's what you'd prefer- you'd want to focus on large square footage, high bedroom count, and consider avoiding luxury features that add cost like rooftop decks unless they're important to you.Typically house hacks operate similar to a home office deduction - take your eligible, deductible expenses and multiply them by the portion of the house that is a rental (for example, if you buy a 4 bedroom town-home and live in one bedroom you could deduct approximately 75% of eligible expenses).

The bull market seems to be ending in stocks, I think RE will fare far better with low mortgage rates but I still wouldn't touch more volitile assets like luxury condos with a 5 foot pole.

Anything over $3,000 a month is a luxury rental.Would you say that it is easier to obtain the 2% on a lower income rental that a mid range or higher end rental?

Are they high end luxury apartments or cheap housing?

Yes some price have gone down, mostly the folks who over built the luxury condo market are taking a beating, as they should be.

Hi Sean..fellow Canadian born in Oakville here..I work with international investors regularly here on the Oregon Coast primarily with coastal luxury STR’s and multi family.

In some markets, 1BR luxury couples stays are best and in some 6+ bedrooms are best.

If Oregon is of interest there is a significantly lower entry price per door with somewhat comparable CA returns, certainly a luxury STR would perform and be manageable with a local team. 

I left my former industry of 10 years as a Business Development Manager for Luxury Brand Hotels in an effort to pursue my dreams of obtaining generational wealth.