My passion continues to grow and Im thinking about more significant investments now.

Although my company is not based in WA, we are both buyers and private lenders on lower $ ARV SFR properties throughout the U.S.Best of luck and continued success.

The hard part for the NOI on the MF is that I think there will be continuous replacement/repair issues.

With long term interest rates now the new norm, asset bubbles will continue to get worse about every 18-years.

This goes back to 40k TK houses do not work because of crap area and the rehab for the TK operator to make money has to be more minimal in nature versus redoing everything and selling TK at 65k to 70k or more etc.One you are paying more but usually getting a better area, management, tenant base, and most everything is new so capital cost outlay is minimized year over year.Hopefully you didn't pay more than 40k plus for the area.

I purchased my first single family home investment property about 7 months ago and like everyone else seeing that rent check deposited each month motivated me even more to continue learning this business.

I pay ordinary repairs and maintenance from the operating budget.  

Although my company is located in CA and IL, we are both buyers and private lenders on lower $ ARV SFR properties throughout the U.S.Best of luck and continued success.

Even experienced operators have trouble keeping up with all the new laws and changes in regulation.

Study your state landlord tenant regulations and learn how to properly operate your business.Most regulations allow a landlord to serve a tenant on the second of the month when they are late paying.