Operating with no margin is not only stressful but risky.

Thinking about selling them and buying a car coin operated that will cashflow around $5K-$7K per monthI know there may be some good appreciation in the next couple of years..

We manage or operate about 200 rental units.

Myself and some partners have been looking at operating short term rentals in the Seattle area and was curious if any BP members have have experience with operating a number of them in the area? 

Would you say I should just operate it as a sole proprietorship for this then? 

It's hosted by Think Multifamily, and it's going to have a ton of education AND great investors and operators. you can go, learn more about the industry, connect with like minded people, and see if it's something you'd like to explore. https://thinkmultifamily.com/f...Let me know if you have any questions.

Thermostat doesn't work, so furnace is not operative at the moment yet doesn't seem to be damaged.

If the wife became the sole owner as surviving joint tenant by operation of law, her signing the deed in the capacity of Executor may have made that transfer defective.

Cap Rate (capitalization rate) - this is your net operating income divided by the purchase cost (helpful in quickly comparing multiple properties - but does not include any financing, assumes a cash purchase)b.

They will be able to answer those questions in depth on each deal and provide you with direct access to the operators.