It will be very hard to gain traction In the beginning.On the commercial side a closing can take 6 months or longer but I have many in the pipeline at various times.

If you start with one of the 10 unit properties in the rough side of town that rent for $350 a month on a month-to-month basis, you may not think that being a landlord is that great.

@James Wierzba cash flow in a hot area like Seattle will be extremely difficult.

What kind of pumps are running the hot water or steam up to the apartments?

One of my rentals is a semi-detached home where I own one side.

When you say "cost to rent the units", are you referring to the management side of it?

I have originally been born and raised on the South side of Chicago and still visit there.

Growing up as a kid we always had 4-5 rental properties so I know that side of the real estate world, but recently I've discovered the idea of Wholesaling.

Current rents are 450 each side.

On a side note just to add some perspective - there's a decent chance you're going to run into 10k in unexpected costs within the first couple years of ownership, and that's part of the business.