Just as a quick opinion poll, if I may: From an investing or personal purchase standpoint, would you even consider buying a former lab in a state that requires disclosure?

Denise,If you're going hard money on a turn around project, it will require the owner-operators supervision to keep your GC and management true. 1.

Joe - do not forget in WA rentals end up being meth labs...so lenders want a serious investment and 2-4 family units take 3x longer to sell than SFR units.  

Afterwards, just buy a mold test kit from home depot and post the lab results in your sales disclosure.

Next meeting is Thursday, July 12 at the Multnomah Lucky Lab Pub. 

@Diane Stinebaugh I have seen the street addresses specifically as the LLC's but personally I like referencing something cheeky...mostly for me its Harry Potter locations and references...or I've heard of chess moves being used, or their is even a company I know of locally that is call "two labs" because the owner has two Labradors and thats what he liked. 

That 15% cap rate, 45% ROI, $200/month cash flow, etc. doesn't take into account getting shot at by gang-bangers, hunted down by a PO'd tenant, your property broken into 5 times before it's rented, or converted into a meth-lab.

@Jamal Parker Downpayment can be anywhere from 10% to 40%. 20% is about average.If you can partner with private money lenders, you can work out 100% financing: they put up the money, you find the deal, supervise construction and sell it.Also hard money lenders will usually be negotiable after you have done successfully a few deals with them.

The broker supervises the licensees, and as such the licensed agents have to abide by their broker's rules and determinations.

Could be a meth lab for all you know.