Monday morning, no apps received and we went ahead with this app as my PM ( found through Thumbtack) was also realtor from Tenant side was very confident enough to manage them. we went ahead and leased them, and they are moving on Oct 1st.Points learned:- We were too eager to buy our first property, and Jun/July is crazy Seller market- April - July is "most" tenants moving time, and easily rent able time.- Home prices are cheaper now ( 3rd Quarter), but as an investor, i would not buy now as well (?)

@Fan Bi, I guess not :)  But don't worry, the location of your QI is not a factor that should prohibit you from completing a 1031 exchange. 

I've found the biggest factor is proper pricing.

I heard from one of my buddies who used to work for Analog Devices that there are new systems that use cell towers instead of wifi so work even if there is a power outage - that would've come in handy for me when the power went out for our whole block and no one realized it until the next morning. 

In Akron, the bailiff will call for a trash pick up for the next morning and the city picks up everything left.

There are a lot of factors involved in this decision and ultimately you have to decide what is best for you.

Like I said, this would be my first REI and I really don't want to make a big mistake on a deal, but based on the numbers I've come up with, this property would cash flow about $500 initially while the loans are being paid back, but should generate in the area of $1800 once the loans have been repaid.At this point, I would be willing to take on any positive income, but I'm sure there are factors that play into this that I know nothing about.

Your CapEx depends on many factors such as age of the building, location, recent upgrades, etc.

Snohomish County is a great area to invest, and the airport at Paine Field will be a major factor.

Condos can work, but it depends on a lot of factors.