What are the annual property taxes, who pays the utilities (water is usually handled by the HOA, but not always), and does the HOA have adequate reserves to cover major repairs like roof replacements and street resurfacing?

s advice, major brain fart on my part and great advice from the both of you.

My job requires me to live away from home for the majority of the year, I live different countries for months at a time.

[/b]The House:5 Bed 2 bath Double WideCarpet and Tile Storm Cellar Good Neighborhood ( according to her)No Major Repairs ( according to her)I asked what would she like to get for it?

Hey Scott, I don't specifically know the Seattle market but will assume like most metro areas it will be similar to where I live in San Diego.Most major metros like that you will not be able to effectively cash flow.

As you can imagine, that means I have very little overhead and am therefore free to invest a significant majority of my earned income.

High, so that was cool, when I hit high school he cut back to a few college music majors.

I have good credit (but have a few loans) and I have the construction background to complete the majority of the fix up myself (the sweat equity).

I am willing to wager an investor jumped into the project with private or hard money based on a very specific scope of work, and stumbled across a major issue with the septic tank or some other fundamental system.

For hazardous waste removal and other junk fees.My rule of thumb these days is to allow -20% profit on a major systems job (roofing, AC replacement)-$2-$2.25 per sq ft of fooring (Tile Hardwood)-$175per day/$25 hour/ per man for painting and handyman workI guess if a plumber can get $500 an hour then more power to him, but hes not getting that from me.And I can relate to your plumber story.