The seller should consider how the asset is currently performing, rather than solely focusing on the pro-forma. also be careful of flood zones and be aware that if you are buying in Hoquiam, landlord are charged water from the city directly and you have to absorb or bill back tenants, which can be a pain.   

@Drew Greene Let me point you in the right direction.

View report*This link comes directly from our calculators, based on information input by the member who posted.

View report*This link comes directly from our calculators, based on information input by the member who posted.

They can point you in the right direction.

I figure some type of finance accompanies REI however I’m just cautious as who and where I put my money.. any meaningful directions would be greatly appreciated 

View report*This link comes directly from our calculators, based on information input by the member who posted.I was seeing if anyone could look over my analysis, and give their thoughts on if I am calculating everything  correctly. 

I'm asking 275k for the lot, but I'm convinced even that is likely low given the direction homes are going. 

I drive for dollars if you don't like to drive you can do facebook ads or cold call or direct mail.

Unless they were all replaced very very recently, that means they'll require that you underground power lines, tear up and re-pour sidewalks, curbs, and gutters, potential overlay the street, and anything else bordering your property.I've never heard of a "condo conversion planner" but I suppose a good one has experience doing these things and can give you definitive answers.Disclosure: I've never done a condo *conversion*, but have gone through the subdivision and mapping process several times in the City - I don't have direct experience doing what you're describing, so caveat emptor.