Many investors wait until they've acquired a few properties to avoid the costs and administrative work.

For the use of my funds, I charge you 2.5 points which amounts to $3125 plus a small administration fee of $495 to cover my wire transfer costs, document review and preperation costs, attorney fees, etc.The B-C transaction closes and on the same day, so does your A-B transaction.

I'd also look at landlord tenancy laws for WA as I think they are pretty tenant friendly and getting rid of a bad tenant (even one who doesn't pay rent) may be hard.You mentioned you'd profit $130K if you sold it. 

I know in Washington state, unless your licensed plumber or electrician you can't do the work on your own property and sell with in a year.   

However,Working with a good attorney will make the process easier but having a good administrative structure will be critical because there are a number of steps must be followed for compliance...which makes the SERIES LLC a little more involved in setting up your standard entity.Happy to discuss further.

I am not sure if/when we will see rates like we did before this administration.

CA OR WA AZ NV  etc etc. 

Read “Real Estate Deal Maker” by Henry Washington. 

Investing in buy and hold properties here in Washington has been very rewarding for my wife and I. 

.  -- This is one fee among many which I found in the Hero program loan documents which could add quite a bit to your principal -- Program Administration Fee.