@Brady BitterThe main thing i was debating with myself was whether or not i should treat single family portfolio  similar to a commercial or multi-family value add deals - the main difference is how its valued - on commercial/multifamily the value is a factor of its income, while single family is solely based on sold comps, therefore have less control over the value and are left to the market's valuation which tends to be more volatile comparing to rent rates.I think the IO route could be safe if you are Conservative with the LTV and have enough cushion to sustain any downturn that provide enough time to liquidate,

Hi Sally - Welcome.If you are considering investing in residential real estate in WA,  be aware that there are major changes coming in state law,  almost certainly including 'just cause' eviction rules (HB2453) this session,   and possibly also statewide rent control (HB2779) (less likely this session,  but IMO very likely in the medium/long term unfortunately)  that both if passed will substantially or even dramatically affect the level of risk, business model, and other aspects of owning and operating rental property.   

This account pays for all property related expenses - repairs, pest control, etc.  

Take control of the situation and avoid the lease signing without funds.

We had no control of that since we only owned for one week.

Wood Destroying Organism, or just a pest control person? 

Also will you need to add a furnace and ductwork so each tenant controls their own temperature and costs?

Who is responsible for the fence damage caused by a severe storm where:Usually, when an "inside" side of the fence (with the horizontal 2x4 bars across the fence) is facing the owner in the owner's yard, the owner is responsible for the repairs.The situation:The "inside" of the fence (with the horizontal 2x4 bars across the fence) is facing the easement (which acts as a storm drain for flood control) in a HOA neighborhood.

A new property management company took control of my property about a month ago.

If there was a will, then the will controls the estate.