New property to be managed professionally.Learn as much as possible about the real estate industry to determine where my short term and long term niche lie and to enable utilizing my strengths to add value in partnerships.My questions to the community:I prefer to invest in the greater Seattle or Washington / Oregon area.

In addition to being new investors, we’re moving to a new state, so I’m not familiar with insurance costs, utility costs, etc. in this market.

just did the measurements with a digital tape measurer., off by 30%, which is huge.

Utilities are less of a concern because you should let your tenants pay if units are individually metered or use a chargeback system if they are not individually metered.  

The modified IRR and Net Present Values are alternative evaluation tools to utilize when this occurs.

This is when skip tracing services can be utilized. 

Both of them were run through a mortgage broker I utilize down here in Raleigh.

Hello Mark,I have not utilized either program but I would recommend talking to Kymn Harp at (312) 456-0378. 

They do one deal at a time and utilize their own capital to move from one to the next.

If you're not "married" to your local market here in the Inland Empire then your thought of investing in the Midwest is likely a prudent one.For $90,000 to $130,000 you can get a three bedroom home in a great neighborhood that generates double-digit cash on cash returns.When you live in an expensive market where the rents are relatively low to the purchase price, it is difficult to get attractive rates of return.