It currently is cashflow neutral (if you do not include the assessments we've paid).

There are sponsor out there that appreciate their relationship w/their investor and see it as a long term opportunity to educate first and foremost, make sure they understand the investment and its progress from E2E.  

Please keep us updated on future progress.

Some condo buildings are more financially strong with less renters, rental cap is in place and owners are not in arrear with their assessments.

@Nelson Leal Best of luck and keep us informed how you progress. 

Personally, I like to have a tenant lined up before I even close on a property, but I manage all my own properties, and I have an existing pool of tenants who have rented from me in the past--which makes the process a lot easier for me...If I didn't have that advantage, I would typically advertise the property for a week, and if it didn't rent, I would re-assess and consider things like: what response did I receive?

Real estate valuation based on potential income and cash flow is a powerful tool for assessing the value of a property.

You need to assess your financial position and figure out what your goals are and what risk you would be best suited to handle if you can't get all of your money back.

Seattle is probably progressive enough to do some nice infill projects with this product but most areas aren't ready for it just yet.

General comment on off topic post- Tax Value and assessing property value varies so much location to location, it becomes area specific.