@Jason Horwitz @Seth Sherman @Jeff K join a gruop of Baltomre investors for lunch on Mondays 12:00 at Spirits West 2601 wilkens av.

I'm trying to buy my first investment property and made an offer on this:https://www.zillow.com/homedetails/10594-Hobday-Av...it's about a 1% deal if I rent it in it's current condition.

For those interested:https://www.redfin.com/WA/Seattle/10333-Ravenna-Av...I've never seen such a place and I know it's unique.

I think the primary reason is the "baby boomers" retiring from their homes which will keep the supply side greater than the demand side just because there is not nearly as many in the younger generation to occupy the homes that will be comming on the market by the natural age curve of life.This foreclosure issue may be getting behind us but there will not be a V shaped recovery because of the age population difference.

I invest up in A/V and can see many similarities between the areas.  

Some have called for a V shaped recovery. 

@Jonathan Feliciano that same thing might work for you in the AV or Bakersfield.

Would I be able to deduct a % vs the whole amount?

.- most people are married and/or have children by age 30 (http://www.huffingtonpost.com/2013/11/22/marriage-... http://www.cdc.gov/nchs/data/databriefs/db19.htm; http://www.cdc.gov/nchs/fastats/births.htm; http://www.infoplease.com/spot/momcensus1.html)- The median American household owes $3,300 of consumer debt (http://www.nerdwallet.com/blog/credit-card-data/av...) - if you do have a professional job you will probably have to purchase a professional wardrobe (in our case we needed new clothes that were appropriate for cold winters)- you will probably have to move to where jobs/graduate programs are (moving costs plus potential increase in the COL; see note on buying winter wardrobe)- increasing rents (http://www.deptofnumbers.com/rent/us/) -record high prices for cars (http://www.usatoday.com/story/money/cars/2013/09/0...) average price is $31k for new car and slightly used cars are only a few thousand dollars less); most households in the US need at least one car and if you were lucky enough to have one in high school it is probably starting to get old and have expensive maintenance issues by the time you are a young professional.

You added some specialty finishes in the baths and you've got the modern AV system installed.