(Small MF's on normal sized lots being torn down are generally replaced with townhouses that are sold off individually;  or they are building SEDU/aPodment beehives;  nobody seems to be adding or replacing 4-6 unit apartment structures with decent size units)   Also if you are looking inside seattle proper,  be aware of all the additional rental regulations in place there which I love to rant about.   

Way less expensive and more productive.

All of these would be commercial products.

I am starting to think about the proper legal framework on my rentals to protect my personal assets/credit (such as an LLC, S-corp, etc.).

As excited as I was with the finished product, I really got excited after getting the appraisal and seeing the power of forced appreciation.  

So bottom line, you are going to get a better quality product with a good turn key than an existing rental off the MLS.

It all comes down to the numbers so I suggest you get familiar with how to properly analyze a property and take it from there.

Made low 7 figures over the years in profits pushing various health products on Facebook Ads, Google Adwords etc. as an affiliate.

However, I do not go about telling other investors to avoid such investments or make blanket statements that all advisors associated with conventional financial products are just out to make a buck and do not have their clients best interest in mind. 

Even the production Builders are 6 to 8 months. 111 psf?