Crime and homelessness in the areas where you could get more cash flow is still pretty high - which is a bummer.

One property the square footage was high because they assumed both florrs were same size and they were not. 

Interest rates atm seem quite high so will ride this out a bit longer (and ratios will continue to improve over time.) 

I thought I was buying at top of the market in 2020...and 2022...but prices continue to remain high. 

The accuracy is surprisingly high and a bit saddening.

Hello Mike, It is nearly impossible to answer this question without taking a deep dive on the numbers of each but often times in expensive markets like Seattle the cost of construction is so high that it doesn't make sense to tear it down unless you can build something way bigger/nicer.

Especially when there was far wealthier people than me spectating my journey, and probably highly successful and well to do  people here reading this. 

First, most investors and owners of real estate related businesses are in one or more of the following situations1- they’re unable to duplicate their expertise that drives the ROI and they are at their personal max capacity as to time2- they’re obtaining high ROI by use of excessive leverage 3 - they’re obtaining high ROI by taking excessive risk4- they hit correct timing in the correct market, and this is not necessarily repeatable with any probabilityIn order for an investment or business to scale, we need the ROI (on a risk adjusted basis) to be sufficient to cover a PREMIUM risk adjusted return to passive investors; all expenses of managing the assets and the business, and a significant return to the “sponsor” providing compensation to him making the work, risk and time worth while. 

When is the last time you did a walk-thru (highly recommend taking a video!)?

From what I read in Bloomberg, delays in high-demand areas have gone up significantly in the past year.