Anonymous wrote:My caveat would be why do you want to buy a single family house in Arlington for investment? Buying these properties is very competitive and they require maintenance.
Consider buying a condo or townhouse which has a broader market of tenants and requires less maintenance.
We are moving out of the area for a while and want to have a home to move back to in a location we prefer. Given the growth in prices in the market, its hard to be sure we can afford it when we return in several years. Yes, we could gamble that house prices will slow down their growth or drop, but end of day we want to live there eventually and want to hedge against crazy future growth. We figure we can eat the losses if market tanks (both housing and rental) 50%, just a cost of trying to live where we want to live, eventually.