Has anyone made a purchase on MKE yet since this chat or purchased through ACE?

We found an opportunity to purchase a huge SFR with two kitchens located next to a commercial zone which was previously used as a sober living facility.

Double close: You do actually purchase a property and then sell it the same day to another buyer.

You get a Capitalization Rate (CAP Rate), which equals your annualized return by dividing the Net Operating Income (you had gross in your narrative) by the purchase price.

I'm curious with you and your wife, how did you decide it was worth it to put the 50% down and purchase?

I'm looking for advice on whether I should purchase my father-in-law's 6 unit apartment in Burien, WA (10 minutes south of Seattle) as my first deal, or perhaps help find him a seller that would pay more than I could and is a couple years ahead of me in REI. 

I am in the Scranton/Wilkes-Barre area and I am a new landlord, having purchased my first rental property about two and a half years ago.

Did I just not do the math right on my purchase?

In order to defer all tax you must purchase at least as much real estate as you sold. 

And what is your price range on the purchase price?