Last time I mentioned that me and my boyfriend recently purchased a house in Maple Leaf and we are using rent to pay for mortgage. This house does not generate much cash flow for us but being able to purchase something with merely 5% down and in a great neighborhood is amazing for us. This evening, we discussed about our strategy for next rental property. I think our best bet is to save up enough money (or make enough money from wholesale) for 20% down payment, and get an cheaper in segment property in North Seattle/Shoreline, or Snohomish county.
Any other idea?