No "blow & go" b/c this property needs to ride the recent appreciation wave that the area is experiencing. ** All in that's : 76.4% LTV when ARV/ Retail is calculated at $215K...*** Low end gross profit: $20,058......

If you have a long term goal, you should be able to ride out the storm (& dips).

Eventually when prices dip again I will deploy that 500K into highly leveraged houses in Seattle again, maybe more, riding another wave of equity up. 

I was comfortable with the $125k asking price given the impression that it was move-in ready (my plan being rent it out and ride the wave of potential appreciation as the area continues to redevelop / gentrify).

Named Storm Damage Deductible is $10,000 (which applies to wind or hail damage for a non-named storm as well) and $3,000 for all other perils.  

Background last year had some hail damage to one of my rental properties.

I figured that I would ride the wave of exponential equity growth in the early 2000's to get some money to find other buy and hold investments that made better long term investments when I sold the multi-family unit.  

Cap x roof in maybe 7-10 years but we DO get hail and typically it’ll take care of roof with deductible.

We have bookings in Sept and maybe we get one in Oct to ride the bike trail in the fall.Thanksgiving then Christmas to New Years.

It seems as the next logical area to gentrify, as people in the west loop will get out priced, and as Humboldt park starts to turn, it would seem logical people move south as it's a 10 minute train ride downtown.