Real estate is very risky, and that risk is more heightened given where we're at in the economic cycle.

It was very enlightening and well worth listening to. 

  ( Washington has no state income tax)  but its negotiable.. and a seller in a hot market might say NOPE you pay it if you want this deal.. this has nothing to do with clean title.. totally different things.. so I am not familiar with that state if there is a transfer tax or excise tax upon the transfer of real estate but i am sure someone with some experience will hopefully pop on here and enlighten us..

So, can someone enlighten me on how the new value is far exceeding the cost of repairs?

Other reading I've done states that you should also have 1 LLC that rules them all. 1) I'm unsure of the advantage of this, could somebody enlighten me?

Everyone, @Chris WiserThis has been one of the most enlightening posts I've read. 

I have been renting a house out that is 180 miles from where I live. We used to live in the house but moved out 2 years ago. We've rented it out for the past two years but have decided to sell it and buy properties cl...

Hi Everyone,This forum is remarkable and so enlightening.

Maybe even signed up for a Pro account to heighten your profile and get more information.

Perhaps we should all give every new tenant a copy of Robert Kiyosaki's "Cashflow Quadrant" to help enlighten minds.