For me I prioritize tax benefits and appreciation now over cash flow. 

Currently, I am in the phase where I am doing minor fixes to the property and plan to begin looking into property managers.

Doesn't make sense to me given that typically ROI includes the impact of appreciation as well as any other financial benefits.

We use them for a Denver property and the honeymoon phase is over for us.

The investor must consider whether the potential property value increase or other benefits outweigh this loss.

Many companies are moving their HQs here due to tax benefits, good work force.

Even if a property only nets 300 a month it would be great on the appreciation and tax benefits alone.

So in the initial death year, the partners estate would receive the benefit of stepped up basis until it is then passed along to the heirs. 

[Sale Price - (Original Purchase Price + Improvements) = Gain] In order to benefit from the $250k exemption, must be primary residence, lived in 2 out of the last 5 years, can use this once every 2 years.Looks like there's no capital gains Tax in Washington.

I am wanting to move out of my current residence, and because of other benefits such as the experience I'd gain and the access to a low downpayment, all signs point to house hacking.