Olympia, WA investors, what do I need to know?

[Hanaa Abou Ouf]

Hello fellow RE investors, 

My RE agent sent me a property to look at in Olympia, Wa. The numbers look OK, but I am worried about tenant protection laws in this blue state. I have a solid PM, who manages a property for us a little more south, who is not too worried about the property being in Olympia, and says that if he places quality tenants, there shouldn't be an issue.  

For those of who with properties there, what can you tell me? Should I not consider investing there? Can you please share your experience with me? TIA.

[Steven Hayes]

No real strategy, just wasn't good at the stock market so I tried real estate. Got the first duplex by living in one side renting the other. The next one needed a lot of repairs. Had someone help who works in construction that I knew. Came out ahead when selling that one and put 25% down on 2 others. So there is a total of 3 I have at this time. Without my job I couldn't have done this because sometimes they might need a new roof or other work. I don't know about the Olympia city limits, but in Lacey I don't need any kind of business license or special permit for duplexes.