@Rob BeaumontHey congrats on starting you’re path, I’m also a newbi just one 4 family under my belt but working on the second one , If I can give you my humble input, study everything , read books, ask question on BP, anything that gets you’re knowledge up , and take action, since I bought my almost moths ago ican allready see a change in my life , speaking in the overall aspect, Keep it up!

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

Time to pull the deed of trust/mortgage of record and read and understand its terms.

Is there any recommendation for a book that I need to read? 

I am reading books and asking everyone I can about investing and I’d just like to open a new world of networking.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

Stanley's daughter came out with a new book this month updating the research -- I haven't read it yet.Stanley identified several factors that keep you rich or poor: where you live, how much you spend on the house you line in, how much you spend on luxuries, how much debt you pay interest on, but I believe his most important finding is that a much higher percentage of millionaire men than normal will report on a survey that their spouse is more frugal than they are.Getting rich turns out to be very much a team sport, specifically, a team of two.

But looking at ball park numbers, if I'm reading it right, the flipper could best case scenario be getting 45k before realtor fees/closing costs/holding cost ect. 

Pete,That location is most likely in a lower income/higher crime area (read the crime section of the Tacoma News Tribune, seems like most of the stories originate from that area), which is likely why the 4-plex is priced much lower than the comps i've seen elsewhere in Tacoma.  

Please click the link, give it a read, and share your thoughts in the comments.