Tech payrolls, universities, and in-migration keep Seattle rental demand deep, especially near transit. The light-rail expansion is the investor map: stations from Northgate toward Lynnwood and the Eastside line create durable rental catchments worth buying ahead of and around.
Seattle regulates actively: first-in-time application rules, capped move-in fees and deposits, winter eviction limits, and rental registration with inspections. None of it prevents profitable operation — all of it punishes improvisation. Use leases and screening processes built for Seattle specifically.
City-limits single-family yields are thin; the math improves in Tukwila, Burien, Shoreline, and Everett-corridor suburbs, and in house-hack structures — owner-occupied duplexes or homes with DADUs. Building or buying an ADU/DADU adds rentable units on residential financing, Seattle's closest thing to a cheat code.
Moisture management is the maintenance budget: roofs, gutters, crawlspaces, and ventilation on a schedule. Heat pumps increasingly expected by tenants; include service contracts in the pro forma.
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