While we could certainly make more money if we spent more time at it, we have chosen a different path.

We have chosen real estate as the vehicle for that.  

I advised him the unit would be renting for 1200 per month and he does not want to pay that so has chosen to leave no later than the 60 day period that apparently Washington state law allows.

I hate my job and my chosen career path with the passion of a thousand suns and have decided real estate is how I’m getting out of it.

The average rental yield for the country is 7.2% while the neighborhood I have chosen to focus yields about 9 to 10%.The closing costs are quite high which makes having initial cash a basic requirement.

This is perhaps a larger gamble.  

It requires extensive experience, but you have to be willing to gamble a little bit to be successful.

So much so that I have chosen to build my business around that core principal.

At that point you’re almost gambling on what interest rates and the local RE market is going to do.

You want to educate yourself, and get familiar with your chosen city so when a great deal reveals itself, you can snap it up.