Where on the US East coast?
I'm considering an investment into the US East Coast in the comming months but really would like to get a feel for where is best to invest.
I'm looking for the following;
1) Prices must have dropped significantly in the target city
2) I want rent year round
3) I want no letting restrictions (I heard of blocks where no renting is allowed, or where rental is only allowed for part of the year)
4) Decent rent yield of at least 7% AFTER deductions for ongoing maintenance funds etc
5) If off - plan I will not pay up - front funds apart from a modest holding fee
Any ideas folks?
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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year 
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