I’m looking into start investing in real estate somewhere close to where I live (Redmond, WA) but since I have never bought a property with the purpose of renting it ( the only thing I have ever bought is my house) I wonder if it’s a good idea to start with one of the few 1 bedroom, 1 bathroom condominiums that have recently popped up in downtown Redmond and learn the basics of owning a property and renting it.

New tile and vanities in both bathrooms.

For multi-family pay attention to fields like sq ft (not many 20k sf homes), units (this is often the best), beds/bath, rooms, etc.

Made the Master Bath a full bathroom What was the outcome?

remodeled kitchen, changed flooring, and Bathroom vanityWhat was the outcome?

One bedroom, bathroom and living room on the bottom floor of the unit. 

Hi Jason,Interior value-add:Upgrade to black, faux SS, or SS appliancesTile backsplash in the kitchenNew cabinet doors or new cabinetsNew cabinet hardware (door and drawer handles)New countertops or resurface countersInstall modern light fixturesInstall new bathroom fixtures (faucets, shower heads, toilets, vanities)Tile surrounding the tub2" blindsVinyl wood plank flooringUSB outlet portsExteriors/Other (for a 30 unit - you have more options when you are acquiring larger 100+ buildings)Rebrand (i.e., new property name) and new signageLandscaping overhaulUpgrade laundry facility roomBalconies or patiosGreen programRUBS

Think about it - bathroom is more expansive then roof, to get premium money are spend on finish & finish is what´s gets destroyed by occupants ...

It is a 4 Bedroom, 2 bathroom, and is about 1500 sq ft.

Just curious on how many units/bed/bathrooms the property had?