Location Location Again

New question:

Where should we buy a house as an investment to rent out? In other words, where in the area do you think rents will increase the most, and soon? I'm thinking Eastside, but maybe we need to go fringes, like Renton or Kenmore.

Currently, a one-bedroom condo rents for about $1,000/month. A two-bedroom condo rents for about $1,500/month. We'd need a mortgage of less than $100,000 to break even on the one-bedroom condo, and a mortgage less than $200,000 to break even on the two-bedroom.

Unfortunately, those condos cost $100,000 more than that, each. So we need a place where we can increase the rent by $800 in the next few years.