Clarkston has a lot of great restaurants, close to a major concert venue and also near a ski area for a winter weekend attraction.

So occupancy rate is not my major concern.

The majority of the business is research and learning how to develop and strengthen relationships. 

I knew I was going to have to get the roof replaced, but this looks like a major project to take on and I am new at RE.

If you started studying since the change in the millenium, the last major depression was a mortgage crisis literally derived from this.One "catch" that people don't understand is the difference between who owns the Note/loan and who does the servicing. 

I'm currently in Junior College and taking Computer Science as my major, but I plan to go into Real Estate in the future.

Purchase price: $215,000 Cash invested: $9,000 Two bed Two Bath Condo 15 minutes from Downtown and within 30 minutes of 3 major military installations.

Add to that the various "HQ2s" that are coming which implies the major, high paying employers in the area will not be hiring as heavily as they have in the Seattle market, and you create a possibility of lower demand plus higher interest, likely creating stagnant prices in the near future.Therefore, back to my first comment: if it will cash flow on a monthly basis when accounting for management, leasing commissions, repairs and maintenance, Capex, taxes, insurance, loan payments and vacancy, then it won't matter if you see appreciation in the shorter term.  

So your profit is $245k minus $200k purchase price or $45k. minus any major documented upgrades (new ac, new roof, etc…)Then you’d pay your tax rate on that $45k.

I need to vacate a renter (one side of duplex) in order to make major repairs.