Yes, I am fearful finding any tenants during the winter months.

This sounds easier than it is because you have to be aware of the current climate & laws but not to the point you let "what if" scenarios based in heavy part on the ratings draw of panic / fear headlines.   

Expect them to go up if you're nearly doubling the property value.What's the prevalent local cap rate for this asset class? 

Is there a chill going down your spine of fear, or excitement? 

Most big banks and servicers will hesitate because they fear the consequences of making a mistake.

They don’t seam very recession resistant as when the economy turns I would fear luxurious vacations would be the first industry to dip. 2.

I live in the area :)   (technically,  upper rainier beach so a bit farther north just into seattle)Neighborhoods around here do vary widely as to their appeal, type of property most prevalent and the type of tenant they will attract. 

I’m currently with Keller Williams and if you have questions, doubts and/or fears, just drop me a line and hopefully I can be of some assistance.

One factor that hasn't come up....Some people just don't have the personality to self manage very well....They cant say NO..... they fear being the "bad guy"...... they cave easy...... they get walked all over..... they are scared of conflict so they avoid addressing issues...... they are so cheap, they make stupid choices that in the long run cost them $$.... they aren't organized or disciplined to do the job....Some people just cant do the real job of a PM.... its not in their personality..... which is fine.One of the strengths of a good leader and good businessmen is being realistic in acknowledging things you aren't good at and delegating that task to someone that is.....

My office in downtown Chicago is only 1 hour and 48 minutes away from Milwaukee which allows me to review the property, the neighborhood, meet with inspectors, interview property managers, and etc.My fear is the renters.