I don't do all the work on my properties any more, but back when I did I conservatively estimate my labor and knowledge added 7 figures of value to my portfolio, money I would have otherwise had to obtain elsewhere for the same results.

Not trying to be a dream killer but there is simply no money to be made in the D.C. no cash flow, no margins to flip, labor either to flip or just hold a property is insane, the money was made years ago, even going forward I see limited appreciation, investing is HARD everyone these days but to the extent there is money to be made you have to go to places that haven’t popped yet.

,My stable consists of:1982 Mercedes-Benz 300D Turbodiesel - 27mpg regularly, few repairs, 192k miles, low insurance1998 Mercury Mountaineer, 16mpg, reliable so far. 130k miles2001 Mercedes-Benz E320 21mpg, reliable, 115k miles.My personal favorite is the 82; my costs are so low and it keeps me from speeding.

Unpopular response: Didn't he verbally tell you it'll cost $30K? 

Then have a Roofing contractor go out to the property and tell you how much it will cost to fix the problem.

We're funding deals with as little as title costs/insurance to close for experienced borrowers.

On the other hand, probably lower property costs there vs other locations.We've looked at a couple locations on the OR coast, but as a WA resident adding the OR income taxes have made other locations more attractive for us.

The second tenant stopped paying and it took me 4 months to get them evicted and more turnaround cost. 

One owner is looking to exit to middle to high sevens on yield on cost.Cap exits are high 5’s, low 6’s for some Class A product.Turnover cost projections should escalate: $500 first year, $850 second year, $1000 third year.Consolidation and density of BFR assets can be an issue for insurance companies.

They understand money comes in 3 forms- labor, business equity/LLC membership and investment earnings.