Looking for insight into market conditions and any concerns for purchasing in Seattle.

We understand that NO one can (consistently) sell a $345K sports car for half of market value!

My initial analysis suggests a conservative offer in the range of $3.2M to $3.35M could be justified, factoring in current market cap rates and the property's upside potential.I'd appreciate any insights on:1.

Purchase price: $200,000 Cash invested: $24,000 16 unit good bones building bought at an amazing price as an off market deal since it had many downsides but the downsides are just temporary.

Would you caution new investors away from these types of markets?

I'm particularly passionate about investing in emerging markets across the country.Outside of real estate, I enjoy all outdoor activity, including golf, boating, sailing, fishing, skiing, hiking.Excited to learn and connect with you all!

If the market softens, you have a defined rent, but if it strengthens, you can't increase rents beyond what is defined in the term.As noted, NNN is a broad classification, so you need to read all leases to understand what is covered and what isn't.  

Lots for you to do and learn in the Philly market.

I am an investor focused agent in the Central Indiana market. 

It is still possible to get homes without coming out of pocket a lot of money and the most popular method for this currently is the BRRRR method.Well, in theory this would work but this is almost impossible to do in this current market.