So my real estate journey began with an older coworker asked me if I had any plans for the future or what kind of investments I was involved in.

Here it is good luck: https://www.biggerpockets.com/forums/521/topics/39...If you don't mind me asking why Spokane and what kind of REI do you want to get involved in. 

what kind of cap rates are you all receiving in these areas?

There are firms that will setup this kind of specialized LLC for a reasonable fee and guide you on these kinds of questions.Typically these single member LLCs are disregarded entities and no S-election is made.

When I run my analysis with 5% vacancy, 5% capex, 5% repairs, 10% management and 6% property taxes I'm showing $2600 in monthly expenses before any kind of financing. 

What kind of terms are you getting on the 5.75 percent?

Hi all,Pretty vague question, and I know it depends on an individuals specific goals... but I am curious to see what kind of responses this may get. 100k is not a lot of cash in Southern California.

@Jimmy Dudley  its sort of depends on where you live and closing customs.for instance on the west coast there is no such thing as a wet closing.. or having all parties come to the closing table.. simply never happens.so when we sell something here I usually go in and sign ( if I want to I can also just have them e mail docs and I sign and they send a courier to my office.. )this is done 2 to 10 days before closing.. then the buyers come in the 3 days before usually because they have their 3 day right of recession ( owner occ mortgages)  then the loan package goes back to the lender.. then the title company has to record in the morning.. and has to send recording numbers to the lender then the lender funds.. then the next day once this is done title company will cut checks or wire proceeds.. for us 100% wires we never get checks.. its always kind of comical when I am sitting in my office in Oregon closing a deal in some east coast state and the closing attorney sends me an email with the time of the closing and wants to know if that time is good for me like I am really going to be there..

Hopefully they’ve at least provided a T12 or something so that you can surmise some kind of value.Side note: “Hard to get into” doesn’t mean impossible.

I'm not trying to sell anything, market anything, or promote any kind of products.