But yes, every state is a little bit different and what might work well in Illinois or Florida might not work very well, or even be legal here in Washington state.

After getting your finances squared away as recommended above, start working with a realtor who has experience in this area (multifamily). 

I'll provide the numbers below after telling you my situation.So my mother & I are currently tenants in a (4-Unit) apartment building in Washington DC.

Cash on Cash Return Down Payment $18,190Closing Cost $2,500 Rehab Budget $10,000Misc: inspection $400 Total Investment: $31,090 Cash on Cash Return 9.6% BiggerPockets: The Four Square Method for Analyzing Rental Properties form.This is an REO, the realtor is advising to start at the listed price of $72,760. dollars. 

The property we are looking at is on a 10,000 square foot lot which is about 2x as large as typical lots in the neighborhood we are looking in.

Okay so here is the timeline...I kick off a bunch of cash out refinances in western WA to purchase property in eastern WA.  

We saw this in Houston w/a vertically integrated operator who was the property manager on some of our deals there.  

They're interested in investing in real estate and they live in Seattle, WA.

I'm no pro, but my first property was a 4000 square foot assisted living facility (with 16 beds in 8 bedrooms) in Philadelphia on the border of a warzone and I bought it in 2009.

These units are slightly superior based on square footage and parking.).