Hey @Levi Mitchell.

@Levi T.What these operators do is find a distressed seller, take over the property via quit claim deed, lease it back to the owner, and not make the mortgage payments.

@Levi Lewis I'm a realtor here in San Diego.

Thanks, Levi Fox 

@Eric Levy Bigger Pockets also sells some books that you may be interested in.https://www.biggerpockets.com/storeThe ones I've read I think are very well written and very informative. 

Congratulations on your purchase, @Levi T.

Something like the below should include things like, current CAP rates, CAP rate forecast, landlord-tenant law favorability (degree of), income tax rate, sales tax rate, sale of property/excise tax rate, annual property tax rate, severe weather, soil types, insurance rates (or ability to insure), rental rates of a 1x1/2x2/3x2, population, population growth rate, rent growth, crime, schools, HH income, etc., etc., etc. 

Ask for Levi! 

Generally, estate taxes are levied only at death, and given that both California and Washington are community property states, you may be looking at a tax at each spouse's death. 

The assessed value for the previous year is multiplied by the levy rate equaling the total amount due.