We're taking our profit and putting it into a bathroom remodel and then will start applying it towards principal.  

I have over 15 years of experience in just about all aspects of the real estate industry from new construction and remodeling to marketing and working with investors.  

You'll have the opportunity to learn anything from acquisition, remodeling, renting, leasing to managing properties. 

We've really updated/remodeled and made our current home awesome and in move-in ready condition (new carpets, paint, fireplace, remodeled kitchen, remodeled bathrooms, custom tile, etc...).

You gradually cycle the poor payers out then in this model.Also, I would probably more apt to do the 30 day right notices now if I needed or wanted to get into  a unit for heavy rehab or refurbishing (with a poor paying tenant it is an ideal time , too, and it probably won't be habitable/convenient when you are remodeling anyway, so good timing there)..

So, I just bought my first house in Tacoma Washington and its ready for a complete remodel and possibly an addition. can anyone recommend a general contractor in my area or a designer?

I plan on doing most of my own rehabbing as I Do tile and remodel bathrooms and kitchens on the daily and have my own crew.

It's probably worth 340k to an end customer as a single family, 1600sq ft, 4bed, 2 bath, remodeled.

If it had 1 Bathroom that may be good long term b/c less to go wrong or replace/remodel.

My thought is to convert the house to a 4 bedroom by doing a remodel of the basement and then target a university renter pool.