Meanwhile, and again this is just me personally, I could buy two rentals and a primary with that $100k and be cash flowing tremendously on each with THREE properties appreciating, THREE properties with loans being paid down, THREE properties to be taking cash out of in 5 years because of the better appreciation in SFH than MFH.

The beauty of buying into a market like Seattle is that you get tremendous benefit from the power of leverage.If you buy 5 OOS turnkeys for $75K each with 20% down and manage to make 15% return on them after leverage, you only make $11k net per year, not to mention the headache you'll have trying to find reliable help from 500 miles away. 

Some people hit it big in real estate right from the get go and are tremendously successful right away.

@Dwayne Seegars Jr we're happy to answer questions, but I'd recommend checking out some of the content already out on this topic as it has been covered tremendously through all content on BP.

This has a tremendous impact on cap rate and I read a story where a client had an accepted offer to be used for 1031 exchange, only to find out during due diligence that the listing agent put the lower cap tax value in the listing expenses instead of the actual and relevant current value.

The Texas Triangle has a multitude of economic drivers fueling growth and investors have a tremendous amount of options.

Closed, thank you all for your tremendous input.

BP has a lot of great resources which are available to you (I've found their podcasts and webinars to be super helpful with learning more about the industry - I actually started because a family member needed assistance with managing one of their rental properties, and one of BP's Books, "Managing Rental Properties" was a tremendous help).

Originally posted by Gary Marker:There are no short cuts.Humbly yours,GaryActually, it sounds like this was a tremendously successful deal...Congrats on taking a huge step towards success!

Great area, the prices are rising tremendously in this area.Lakewood is Detroits little secret.