We resided in the Washington DC metro area for the previous 12 years.I received my B.S. in Economics in 2000 from the University of Florida (GO GATORS!!!)

I stay away from the tiny 2/1's under 1000 square feet.

Starting from square one.

When it comes to estimating repairs and square footage I see the property listed on sites at 2300sq ft but on the county site it's base BAS) sqft is about 1600 which is basically the living area I believe and not the garage and porch etc.. so which one should I use to estimate my repairs?

Also, I would never estimate a renovation budget based on square footage.

The seller is not very motivated at all to negotiate and seemed surprised and worried about the DOS clause when I mentioned it.For tenant screening I use Airfactz out of Spokane, WA.

As a CPA, I make complex things simple and simple things complex.I have a formula of Square footage x avg SF rents (Avg sf rents is from phone calling Sunday ads)(Since I only buy close to downtown (e.g. yuppies) I add $100 on top of this)Less PITI -Principal, interest on 10-20% down on 15yr mortgage -Taxes, insuranceLess depreciation=tax income+ depr (add back) - principal payment (deduct)=cash flowMy "business model" is net $200-300 per house (yours can be different)Agree w prior posting that debt service is arbitrary re 15 yr vs 20 vs 30 yr; % down; etc.I have a very successful friend who never pays 60x rent.

A general rule of thumb I use is that it costs me $1,000 per square to completely gut, rebuild, and update an entire apartment.

I've been approached twice by companies wanting to take advantage of Washington States new laws on marijuana and open dispensaries.

Hi, has anyone on passed the Washington state broker exam?