On the surface Mehran Kamari looks like a promising deal.

Tile itself the 12 by 12 is cheap to buy and has a no slip surface if you get the decent stuff.

Without seeing your contract, it's hard to give definitive advice, but on the surface, I agree with J Scott and those other agents who have offered their opinions.Just to share my experience on a similar deal and I was the listing agent - My seller had second thoughts after the contract was signed and wanted to back out (just like your seller).

You can use a chemical de-glosser instead of sanding.Some varnishes back then had lead in them too, not just the paint. http://www.diylife.com/2010/03/08/how-to-degloss-a-surface-for-paint-prep/You need to use a contractor that is RRP certified.

INSTALL NEW BLACK REFRIGERATOR, ELECTRIC STOVE, DISHWASHER AND MICRO HOOD: $2325.00PAINTING: PREPARE & PAINT ALL WALL SURFACES IN THE HOME.

If the brass seat has become pitted, there is a grinding type of tool to re-finish the surface so that it is flat (or just replace the seat again, but usually the seat can be re-finished at least once).

Just hearing the surface noise, it looks like Seattle is not a great area for investors.

I know there is so much i have to learn and I've only began to scratch the surface.

That maybe fine on the surface but it is also very misleading.

One of the others (unit - C, I think) has an expiring lease,the other three are presently on month to month.Rental IncomeUnit Rent YearlyUnit I $650 $7,800Unit II $600 $7,200Unit III $600 $7,200Unit IV $625 $7,500Unit V $590 $7,080 *This unit is vacant at present.Total $3,065 $36,780ExpensesHOA $100/month $6,000Property Manager 10% $3,678Taxes $696/unit $3,480Insurance $700/unit $3,500Up Keep $3,000--------Total $19,658Net Income $17,122 (for all five)Debt Surface (assuming i purchase 4)120k - 24k down payment (20% per my loan officer)=96k96k @ 5%= ~515/month (P&I) or 6184/yearIf im simply dividing the 17k number above by 5 i see that i could net almost 3500/property/year for a total of 14k once paid of or 7816/year while paying on the debt.My question first and foremost is how do the numbers look?