Hi Sally - Welcome.If you are considering investing in residential real estate in WA,  be aware that there are major changes coming in state law,  almost certainly including 'just cause' eviction rules (HB2453) this session,   and possibly also statewide rent control (HB2779) (less likely this session,  but IMO very likely in the medium/long term unfortunately)  that both if passed will substantially or even dramatically affect the level of risk, business model, and other aspects of owning and operating rental property.   

If I don’t hear from you in the next 10 minutes, I will assume you aren’t attending and I will move on to my next appointment.Using this system as dramatically reduced any wasted time I used to endure as part of the showing process as well as giving me data about their timeliness/responsiveness/respect for others' time.At the showing, I collect their completed application (sent via PDF prior or filled out on premises), scan their photo ID and last 2 pay stubs.Then, I do some digging around online (social media, court records, Google) and if it looks like they are representing themselves to me accurately, I contact them to set up a "contract to hold" meeting - usually the day after the showing since qualified applicants need to be "closed" ASAP.

PITI dramatically understates the total cost of owning a rental property.Depending on financing, expenses, vacancy and whether or not you're able to raise the rent, your cash flow might or might not increase each year.  

The cubic foot limit is an interesting one as you could have a pretty dramatic effect on that quantity by manipulating floor to floor heights and roof pitches, seems as though it would encourage more cramped spaces to get the building in under the limit. 

Account Closed  has pointed out, it's a very low inventory segment of the market, especially if you rule out all the ones which are dramatically overpriced.

The article basically says that baby boomers will be releasing their owner-occupied homes into the market, dramatically impacting supply.

However, our investing goals have changed dramatically since then.

Still, there are pockets of the city I do not know well and the great thing about Philadelphia is that it is a city in transition - so some neighborhoods have changed dramatically in just a few years.

YOY appreciation has slowed dramatically in Hudson and Bergen Counties and in some segments prices have gone down.

This is undoubtedly impacting the value of rental property in NYC and for good reason, your ability, as a landlord, to increase rents and remove non-paying tenants has been dramatically reduced http://www.realestateindepth.c...3) Cap rates below financing rates, how are you going to get cashflow?