I recently moved to Eastsound, WA, an island of the coast.  

Distortion by contrast: MI targeted a lot of high income earners who lived on the coasts, WA, CA, OR, MA, NY, DC ect.

I am currently a resident in LA county however I own a rental property in Burien, WA.

Not calculating maintenance expense could end up being a nightmare.I always estimate (using either the 50%, 1% or square footage rule) the annual maintenance / first year of maintenance fees for a ALL rental property.

I know he lives in Hawaii now which I'm sure is a whole lot more expensive than Washington state. 

Same in WA and CA. 

Just a heads up that Dave Meyer and Henry Washington answered this question during the podcast episode we published yesterday (Ep. 1,057).

I started out with value add, where we force appreciated properties by adding square footage and beds/baths.

If you really want one then I would have one drafted by an attorney to make sure you are square on all issues, liabilities, scheduling etc.  

After some investments in amenities (primarily hot tubs), our last 3 months have averaged 12k/m.This property is owned outright, and due to the size of the property, the small square footage of the units, and the lack of comps in the area we have found it difficult to lock down any refinancing.