I am currently looking for investors that either currently own or have owned in the past investment properties within washington, d.c.

Anyone who says it is too much or too low in any given area can say that with any location.I am currently in Austin, Texas and had to retrieve bids for interior paint (all walls and ceilings - Eggshell - Three bedrooms, stairway @ 2 flights, gym, two bathrooms, closets, etc @ roughly 1,200 square feet and over 300 square feet of new cove base throughout apartment was needed.I received five random bids ranging from $2,600 to $5,500 - Guess what?

That's the biggest difference between those who are successful in this business and those who never get past square one.

Starting small gives you the advantage of learning w/ a minimum amount at risk. 

This is the event @Viktor Stakhov is referring to:http://www.biggerpockets.com/forums/521/topics/133549-washington-state-offical-bp-meetup---south-sound---july-8th-2014  The meeting was both laid-back and friendly while critically focusing on networking.

The appraiser will use market rents to determine a square footage price and then measure for square footage to determine valuation.Most lenders will require some sort of a profit and loss or at the very least an operating income statement to actually underwrite it. 

Also for the sake of numbers, assume full price was paid, $650k.Here's the property in question:http://www.zillow.com/homedetails/507-Avenue-A-C-Snohomish-WA-98290/2103553365_zpid/

REIA WA has some nice classes going on every month, and they have meetings in Seattle, Tacoma, and Everett.  

Hi BP, I have a friend that has a home in probate in CA but he has a few questions for a real estate attorney in Oak Harbor, WA or any of the surrounding counties.

I am going off city-assessed values in the same neighborhood for the same square footage of improvements.