Katie as you picked up on, my biggest concern is messing up the title so I want to make sure I get this right.  

For me thats south end,   so renton and burien are my top picks but most other cities in south king would be of interest too.   

Hi @Sandy Uhlmann,We used Buildium which has accounting specifically for rental properties built in; that's why my husband picked it over all the other options out there.

I believe this is why a lot of the secondary / tertiary markets are now picking up more.

He still has utilities, student loans (probably), car payment, etc.

This allows you to turn one property into potentially 5 by only utilizing 20% as a down payment on the property of your current cash as an example.

I can pick up a house with a tenant in it, in Ohio for about $50k to $60k.

After the lower was done we began a full rehab on the upstairs, keeping the home zoned two family, separating utilities, and gutting to the studs.

In addition, these new furnaces are direct vented (they do not take combustion air from the conditioned space) and the natural gas ones do not require a chimney (which means that big source of heat loss can be stoppered or removed).If you are paying utilities, a new furnace will pay for itself.  

We got a lot of feedback from potential tenants in that market who were looking to stay under $1000/month including most of their main utility expenses.