You are better off analyzing the remaining life of major Capex components like roof, windows, plumbing, furnace, AC and have a reserve fund set aside as part of acquisition cost.

I shoot for no more than 1 month rent as a reasonable goal for a standard turn unless I also do a major update like all new floors or new windows, etc.  

Check Facebook, there are real estate investing clubs in every major city that a lot of times have monthly meetups.  

Snohomish County is a great area to invest, and the airport at Paine Field will be a major factor.

So, without doing your research you could buy in a terrible time without understanding major downsides. 

@Ashanta Kelly I am not a Realtor, but as an investor, I can tell you that San Marco has some major problems with flooding and the City has a plans to fix it, within 3 years.

The three components are an online portal that customers can use to rent, pay for storage etc., a industry specific cal center and "boots on the ground" (an individual who is local to the property who can perform the needed onsite tasks).

Basically want to know the components of closing cost and who (buyer or seller) pays which one?

It really needs an in-depth discussion with a tax expert specializing in real estate.There is a major distinction between a developer and an investor for tax purposes:Developer buys, subdivides, maybe builds and sells.

Assuming his lease ends the end of October make sure you give notice BEFORE the end of September to be effective.One month a landlord and you have already learned 3 major lessons:1) never rent to a seller or their family members.2) never accept rent payment in advance.3) no good deed ever goes unpunished.