Looking for any and all advice on getting into real estate in the greater Seattle area I'm brand new at this and have a long way to go till I purchase my first investment however my first I plan on being a duplex or larger multiplex to reside in one of the units while I work towards more property's.

Go to your local rent court proceedings for eviction - you surely will find some referrals thereAsk the tenant to manage themselves - they can call for maintenance - and deposit their rent check into your account at the bank when due - give them deposit slipsTrain someone to do the things you don't want to do - pay them a percentage of the rent - there are lots of folks who would love to do this for youManagement takes a big bit out of your profits - be smart save the bucks - do it yourself - it ain't that hard.

It's in an up and coming neighborhood so I did have the idea of renting it out in the future or selling it for a profit.

The people you do business with need to know you are in business to make profit and you will recover your losses from vendors who are incompetent or cheating you.  

It seems like basic math to me, and if you are trying to help your "client," then you should put their profits above yours, and above your colleague's, and above your brokerage.I have received this runaround from both Windermere & Sotheby's in the past couple weeks and it is extremely frustrating because they have both specifically said they would tell the Seller that they should not trust an offer if it does not go through another realtor.

Usually it has something to do with lack of cash flow, overpriced properties and you will lose all your money.But after making about $1 Million on average per year profits for the last 10 years for my Partners and I, I think I have had the last laugh.I also reserve the right to pass on this offer if the group takes too long.

Our potential plan is to co-finance the construction of an ADU for short term rentals as 50/50 partners and then split the profits interest.

If I am buying a higher cap rate on a shorter term lease and the option has a large rent jump to the tenant then I could have negotiating power with the tenant getting a lease extension.If it's way under market I might want them out anyways.

My net profit would be right at 10% of ARV, so not a huge cushion...

About three to five years down the line, (just when they start making a profit) something goes wrong and the person you thought was upstanding turns out not to be.