Lab work is covered 100%I've told people I know who have employer provided insurance (that they pay for each check) about this deal and they have switched.We are all healthy, which is probably a reason why it is so cheap.

Just as a quick opinion poll, if I may: From an investing or personal purchase standpoint, would you even consider buying a former lab in a state that requires disclosure?

Joe - do not forget in WA rentals end up being meth labs...so lenders want a serious investment and 2-4 family units take 3x longer to sell than SFR units.  

Afterwards, just buy a mold test kit from home depot and post the lab results in your sales disclosure.

Next meeting is Thursday, July 12 at the Multnomah Lucky Lab Pub. 

@Diane Stinebaugh I have seen the street addresses specifically as the LLC's but personally I like referencing something cheeky...mostly for me its Harry Potter locations and references...or I've heard of chess moves being used, or their is even a company I know of locally that is call "two labs" because the owner has two Labradors and thats what he liked. 

That 15% cap rate, 45% ROI, $200/month cash flow, etc. doesn't take into account getting shot at by gang-bangers, hunted down by a PO'd tenant, your property broken into 5 times before it's rented, or converted into a meth-lab.

Could be a meth lab for all you know.

Now that was like reading a chemistry text book.

Somehow I don't see how any of it is relevant to his question about buying a house or about investing in general.I'm also trained as a geneticist, but never worked in it - didn't want to be a lab monkey.