Class A and B property owners are just as concerned about the management costs as class D property owners.

If it cost you $100-150 per month it will be well spent money.   

So you will have to consider all these things and their costs, along with any other renovations you will need to make for your potential property, and the prices that go with those as well.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I don't self-manage this property which definitely cuts into my profits, but I'll still consider this a win for now because it's appreciating at an average rate of 9-10% a year.

You can also accomplish some of the same functions for your Series LLC by implementing an Agent Trust.The Land Trust is an inter vivos trust, an estate planning tool, and so they are created to synergize with your living trust.

After closing costs, agent commissions, etc... my net profit was $52,000 How did you find this deal and how did you negotiate it?

From what I"ve researched it sounds like quite an undertaking and costly if you want the approval to rebuild on the soil. 

From Cope Equities:"This project is already begun – no risk of it not starting – it already started, a $44 million dollar project ($29 million in costs, approximately).

If this property had been in one of the areas zone for more density they would surely have done a normal "Seattle six-pack" of 0-lot-line townhouses but instead they short platted 2 lots to still in effect end up with a six-pack even though in an area not zoned for it, at the cost of having to sell units as condos and deal with other ADU limitations (e.g. 1000sf limit).In 2023 the State mandated Seattle-style ADU regulations across all urban growth area cities/counties, going even a bit further (2 of any combination of attached/detached allowed).