I cannot vouch for CA but they have been great for me in FL, which can be just as difficult as CA.

Also, important to confirm they will be warrantable condos for end buyers otherwise it will be very difficult for end buyers to secure financing and thus purchase the units. 

This includes cap ex, repairs (will a renter leave the property in the same condition you hand it off in?

The main issue is your exit is capped so if your costs go up, your profit goes down.

I know a lot of investors have done very well in Peirce County but I just haven't learned or know enough about that market to make an investment there.Washington state properties are expensive and can be difficult to make breakeven let alone cash flow at this moment due to the combination of high prices and interest rates. 

hey kenneth, It is really difficult and any market right now to find cash flowing deals.

Assuming this is an 8 cap neighborhood you'd have a ~$420-450k value within a year (unless property taxes are crazy high) when leases would renew since it'd be valued as a commercial building with the office space.

When do you think it was more difficult to find a "deal" on real estate, in 2011 or 2019?

If you see a bunch of title issues (multiple mortgages, liens etc) the approval will be more difficult.

So you can sleep at night, consider having at least 2-4 month mortgage payments, taxes & insurance set  aside (in the event you unexpectedly have difficultly in the future finding the right tenant.)3.