Multifamily real estate has traditionally been a stable asset class, and the Washington D.C. metro has traditionally been a stable market area, making the two together a good safe bet, especially for anyone with a long-term view of their investing strategy.

If you read all of this I'd really appreciate some candid feedback.I live in Snohomish County, I'm a Navy Veteran, have a stable W-2 making about 80K/yr after taxes, and have a modest amount in savings.

I just can’t imagine how everyday people spend this much money on pipe.I don’t think insurance covers any of the foundation repair, also wonder if insurance will cover any of the sewer line repair work?

Your approach to asset protection and tax codes is impressive—I’m sure it will give you a solid foundation as you move forward with your investments.I completely agree with you on the U.S. market being a bit more affordable than in Canada, and the opportunities with Section 8 housing are definitely enticing for ensuring stable cash flow.

Assuming you sold the home at the end of 5 yearsYour NET ROI would be:0% appreciation: 10.93%1% appreciation: 12.13%2% appreciation: 13.33%3% appreciation: 14.53%This ROI calculation takes into account taxes, insurance, selling costs, repairs (calculated at $3500) through out the lease.

They are definitely responsible for starting the fire, whether utilities were on or not.If tenant has insurance, they should file a claim.

What about maintenance, taxes, insurance, or setting aside funds for capex?

I wasn’t able to get insurance.

Any recommendations for Umbrella insurance providers for each partner to cover any liability?

Since you're wrapping up paperwork, make sure your lease terms are solid, get the right insurance (landlord + homeowner), and set aside some cash for future repairs.