They work well for mom and pop sellers that are free of a mortgage and are looking to retire on the cash flow. 

Bob is right that you can get better cash flow on the east side, but I still see deals pop up over there from time to time and I don't see any rapid depreciation in those neighborhoods coming any time soon and I think if your strategy is to buy and hold in nicer areas with less risk, it's a very good area to target.

Too many con-artists which are using social media to lure in innocent people.I never raised outside capital; just used the BRRR method and multiplied from there. 

A Walgreens with 25 yrs of lease left and 5x5yr extensions will be "safer" than a stand-alone mom and pop restaurant with a 5 yr lease and no experience in the restaurant business.  

I imagine there are still a large number of “mom and pop” hosts who had no idea there were taxes or a permit needed who’ll be weeded out, but they prop weren’t our competition anyway  ;-) Good luck! 

Now they are screwed - every time they fill out an application, for their next rental, to buy anything on credit (like a car) or buying a house...this Judgement will pop up and they will be denied.

If property has good layout I have seen many cash cows pop up there.

Those are the premier Seattle meetups with true experts in the Seattle market.You popped into a forum, new to the site, asked a question, and then committed the biggest newbie mistake in the book - you backlashed against the sound advice because you know better.

@Justin GarrettWould love to have you at our live event in October talking about your success with the mom and pop strategyBTW it was all youKnowledge plus action equals powerBest Gino

Mom-n-Pop are getting tired of too much work for so little return.