Hello fellow RE investors, My RE agent sent me a property to look at in Olympia, Wa.

We now live overseas and are renting it as our first property.

Unless you're buying under market value or with all/mostly cash, it can be tough to be cash flow positive on a rental property here, and extremely unlikely to find any that meet the 1% rule as a LTR.

Most of the properties get bid up. 

I don’t have the actual calculations in front of me, so bear with me.First - let’s talk about year one - if you buy a property, and then resell it quickly, you will lose money most of the time.

Does anyone have any experience with Pillario Property Management?

I'm about to buy and remodel a property 1 mile from a Mayo Clinic. 

I have 2 separate Property owners where im located in Maine both looking to do joint venture deals where they provide the land and I get the project lined up and funded.

I own several SFH, duplexes, triplexes, and a quad but I'm in discussion regarding a 13 unit mixed use property that is of interest to me mostly due to location (I own several properties in the area and it's near me and I have a good pulse on the town). 

Im an out of state starting out investor. 1. on the realtor contract when renting property Is anyone concerned with words used like “otherwise”?