@Brent Coombs It really depends on your risk tolerance and financial goals.

By choice, most renters do not want to live in Bothell, Renton or Mill Creek and commute to Amazon or Google or MSFT, unless they have no other choice (limited by price, etc).Another thing I have noticed is that home buyers have greater tolerance as to what locations they can accept compare to renters. 

They are blight.If it is illegal in an area, then your examples are no better tolerated.

As for your decision - Depends on what you want to achieve, your cash reserves and risk tolerance.

Honestly people, just choose your level of risk tolerance and weigh it against the cost and effort to set up and maintain whatever level of protection you think YOU need.

We therefore ended up with the same rent we would have gotten without the tenants living there while tenants got a rent discount but did have to tolerate a construction zone.It worked out OK though and we still have the tenants. 

Plus, that's a lot of "ifs" before you've even closed on a property.If $740/month for her unit is below the monthly cash flow you will tolerate, and you're not willing to give her notice to leave, than you should pass on this deal.We all have our moral thresholds and that's fine. 

That's just my level of risk tolerance though.

Ability to avoid administration fees over time if you make regular investmentsThe IRS has agreed that the investment structure is legalCheckbook IRA Cons:You have to do all the work and manage the books.You are responsible for understanding but more importantly following the IRS rules.Risk Tolerance - No case law has been set to determine if the ongoing management of the LLC is prohibited.

Investors have different ROI goals and risk tolerance.