I know returns are probably less, but I generally am positive on your region.  

I have 2 potential properties in this region and I need assistance with running comps and getting information on the market.

Hi Sean, For an 18-unit, the three common sources of capital that you'd want to look at will be local/regional banks, the Freddie Mac small-balance program (if loan size > $1M) and the Fannie Mae small-balance program (if loan size >$1M). 

You would have to buy a large region and convert it all.

It was a regional bank where I invest.

The guest shared that in his opinion paying an extra quarter of a percent was worth the price of building a relationship with a lender.Has anyone tried this in the Puget Sound region? 

The local tenants tend to move faster but rent per sq ft is much less and when you sell cap rate tends to be higher on resale so less equity.Smaller box spaces they can act within 6 months time or less. 3 months time is more mom and pop or regional type tenant concepts from LOI, to lease execution, build out, getting certificate of occupancy, and starting to pay rent.Having ongoing corporate financial reporting and personal financials will be a key to looking at the health of a business way before they have to give notice to renew the option periods.

I've been reading everything I can and analyzing deals as soon as something catches my eye, but the only areas around the chicagoland region that make sense with our crazy high taxes for buy and hold seems to be Aurora/Joliet.

Cost of cleaning between tenants depends on the region you are in, size and condition of the property.

Myers, Florida region to help me make my first move.I am looking at condos within the $10ok range.My intent is to do a buy and hold with a 15% COC return and 10% equity, minimum.If there is anyone out there who is willing to help me out I will be looking forward to our conversation.Thanks in advance!