The wiring didn't even have a ground.2 of my houses were built in the early 80s and all used aluminum wiring for the oven and clothes dryer.

I have a max offer in mind and I will stand my ground with all the excitement that could happen.

What if the house burns to the ground?

We are property managers for short term rentals so we do all our own bookings centralized for all the properties we own and manage and then partner with boots on the ground cleaning, maintenance, etc.

Use the BRRRR calculator to compare strategies.

@Blake Davis BTW, I'm looking for boots on the ground in your area.

I currently have 8 units (9th owner occ) in that triplex, a duplex (2009), and 4-plex (2014),  all in south seattle / burien areas.Seattle is way overpriced and IMO due for some kind of correction right now ;  I don't see how things can continue to appreciate like this,  and at least within seattle itself many smaller MF properties are worth more for the dirt under them than the structure itself just for the redevelopment potential,  which is unfortunate at least from the perspective of an buy and hold investment viewpoint and availability of decent and comparatively affordable rental units in neighborhood-scale buildings. 

Properties with 1 to 4 units are normally valued using recent sales of comparable properties.

I've put together a simple Comparable Appraised Homes Calculator to help folks use to input the information from these other properties in order to justify their appeal. 

I think finding a good set of boots on the ground is key.