We passed on 2 potentially ok tenants in favor of getting one we felt more solid about and now have one who has the potential to be with us for several years. 

I considered it, but both of my 4plexes make solid long term holds in an area of seattle going through a nice explosion. 

With a strong tech sector, plenty of foreign investments, and a diverse industry overall, demand for the city of Seattle is likely to be second to none in 2016.Seattle has been in a solid upward trend since 2012 and is likely to continue its ascent.

Sounds like you have a solid plan laid out.

Which would force me to also update the building to get FMR otherwise I'll have to consider renting out for $200/room and that is not very profitable and I think there's a time where it's just too cheap.I think the sub 400k offer is a solid one and I'll have to stick to that 350k range or pass on it. 

Also, what are some questions i should ask him when we meet to make sure this is a solid deal for me. 

The price point for entry and solid cash flow options were the biggest factors for me. 

It builds a solid foundation and helps you focus on one strategy.

All solid advice and I will take it into account but hoping to get more specifics.I do appreciate the great advice provided so far and I am definitely going to take all of it into account before moving forward with investing in Indy. 

All good points above.Since we are in a very lateral market with slow appreciation [and depreciation] I wouldn't count on much appreciation like some more volatile markets.We can, however, provide rock solid cash flow and ROI.