Umpqua was lending on them as was MBank in OR that became Riverview Bank of WA a short time ago.

hello all!big forum, reddit, irc, twitter user here.. so aware of the powerful information on discussion sites.My first post was over in starting out.. as I'm excited to learn what others have been doing and hopefully...

Rates are kind of all over the place in Rome. 3/2 apartments outside of down that aren't very desirable can be $750-850.Downtown lofts ON Broad Street (the main road in our town) are all between $1,100 and 1,800, with half the square footage as our house would offer.Downtown houses near ours, but with 1,000+ more sq/ft than ours...rent for $2,500 or more.To the best of my ability, once it is renovated, it will be very desirable to our target market tenants (young professionals).

1) Current home (to convert to rental)Bought for $245K a few years back, monthly PITI of ~$2,000 per month (3.125% rate 15-year mortgage with 20% down)Can fetch fair market rent of ~$2,000 per month once we move out and put on rental market; with some vacancies and maintenace built in probably more like $1,500 per month in net rental income per monthGreat neighborhood in NW Houston suburbs with lots of nearby commercial/retail development as well as excellent 10/10/9 schools, so good price appreciation potential2) Target purchase home (to move family into)Looking to buy ~$175K home, much smaller square footage, with monthly PITI of ~$1,300 per month (assuming 4% rate 30-year mortgage with 20% down)Probably will buy in same neighborhood given great schools and retail developmentEssentially, I would gain $1,500 per month of rental income from the old house and assume an incremental $1,300 per month in PITI from the new house, so this would seem to help me generate some income

I wanted to give people this real example because I feel like the Washington DC area is not talked about often enough. 

I live in a rental in Edmonds Washington with my wife, Taylor.

So I'm in the process of transferring a property to another entity. The unit is fully paid off and is currently rented out, does anyone have any information or tips about the excise tax paperwork for King County?

Washington Landlord Association is worth joining.  

How do we get the MLS to fix the properties with the correct square footage or is this a scam going on, .......How the heck can we get a correct comp when the MLS is not reporting the correct square footage, or the broker?  

I assume things like square footage and my phone number are obviously required.