Rent increases are annual regardless of the lease in most jurisdictions.Vacancies are at the control of the tenant with a term lease, with a M2M tenants are far more communicative with the landlord as opposed to informing them they are breaking their  lease at the last moment.Good tenants have no issues with a M2M where as bad tenants will be reluctant to sign a M2M.

Some buyers I have worked with who started in Seattle or King Co have actually moved their attention to Tacoma for cashflow as opposed to looking north.  

I am living in California and I am not at all opposed to taking my business out of state, however I believe it will be easier to stay "local" for my first experience.

If I'm grasping the imagery right I would make sure the door is sturdy and add a padlock on the exterior of both doors.

A non-leveraged property will have roughly double the amount of cash flow (your analysis) as opposed to a leveraged property. 

The purpose of the tax is to level the playing field for taxpaying businesses, so that they are not driven out of business by tax-exempt competitors.Flipping is a trade or business activity, as opposed to passive income such as rentals or hard money lending.  

Refinance to the max and make your money earn it's keep as opposed to being dead and buried.

We only passed by and checked it out from the exterior.

Again no bearing on long term expenses.A multi will be lower, maybe only 40%, due to the fact that many of the costs are spread over multiple tenants as opposed to only one, such as vacancy, roof, taxes etc.Expenses yesterday or today mean absolutely nothing in calculating or estimating expenses 10 or 20 years into the future. 

But the other is the variance requires up-zoning, public hearings, local zoning board vote, and a very vocal local home owners association is adamantly opposed, so it's money wasted.Now, what are the legacy issues.