If it won't alter the rent to replace the flooring I advise you not replace the flooring.If you do replace flooring I would avoid laminate though on a rental, it looks nice for about 5 minutes then a tenant puts a giant gouge in it or the kitchen sink leaks and it buckles and it looks like hell.

So basically,  its a giant loophole to move ANYBODY in with zero opportunity for credit/background screening.If it is officially a home with ADU OP should be able to end the tenancy (if MtM with proper notice,  if Lease at end of term) under seattle just cause rules.   

That is an indicator for how much room there is for the single family industry to further institutionalize.There has been institutional presence in the single family housing market since the 2008 housing crash, after which private equity giant Blackstone helped fund Invitation Homes.

It is essentially a giant credit card. 

Look at most every giant company in the world and you see that the founder stayed on as CEO well past the point of "having enough to live on".

Also, is there any other giant pitfall that I'm missing here?

@Anthony RossettiReal estate investing is one 'giant' investing term and could be broken down.There are different investment types - Single family homes, multi family homes, mobile home parks, land, commercial, etcThere are different markets - east, west, south, northwest, etcThere are also different ways to invest - buy a property yourself, use a property management company, use a turnkey company, use a syndicator, etcI would listen to a couple of the real estate podcasts - Main and rookie are in my opinion the good ones.You can also ready a couple of real estate investing books.I would try to define how you want to invest as you research more into real estate investing.

@Dick Rosen I'm glad it wasn't that bad in Phoenix. 

Financial tech giant Green Dot moving HQ from California to AustinArticle link below:https://www.statesman.com/stor...

NNN is the stock equiv of buying some giant blue chip which is advisable when you're older.