Her rent was below market rate so I immediately brought it up to market and let Seattle Housing Authority know of the increase.

However the rent of 625 is well below the national average for a 1 bd apartment.

You could also offer to put in a water filter under the main sink and let tenant be responsible for changing the filters.Another option is to get someone else to replace your water line at a much lower cost.I have had my handyman rent a ditch witch or even hand did short water lines and replace with PEX for maybe $500.

Doug Jahner is the person to talk to over there.Talk to any of the banks below and see what they can do for youFranklin Synergy-Tiffany MartinCedarstone bank-Mike DixonReliant- Jonathan WhitehurstBankcorp south-Christian DicksonCommunity bank and trust-Alex DowdyThey are all going to have different loans/products.

I have a very large room where about 8 tiles popped and cracked badly (see below). 

As a result, I want to lay out a scenario I hope to create (let's assume I can create the scenario below) and I am asking feedback on all of the things that could go wrong that I should anticipate/prepare for: Scenario:5 fourplex properties = 20 units (average $900/month rent) - Looking for cash flow not necessarily appreciation for these properties$1.5MM in investment property debt (Average purchase price $300K; Market Value $400K)$500,000 equity across properties (Average $100K)Loans: Conventional fixed rate or seller financing fixed rateRental Income: $18,000Mortgage for all properties monthly: $10,000Cash Reserves on hand: $200,000 (separate from the equity in the properties)Reason for Scenario: My purpose in stepping away from a full-time job would be to start ramping up flips to pay down the mortgages over time.

Rust belt areas were there are tons of vacant houses  tough neighorhoods and burnt out landlords are the better areas for wholesalers the price points tend to be low and agents don't want to fool with them.I would not go into this business undercapitalized .. other wise just drive around a bit and knock on doors throw a few bandit signs up and see if you get lucky

Market to those people and you will find someone willing to sell at below market price.Realtors know what a house is worth and will try to sell it all day long at that retail price.

Interest rate reduction of at least .5%  (in 2012 I was able to reduce my rates by over 3%)   And/OrInterest rate of 5% or below, long-term, fixedAnd receiving at least 10x the cost of the refi. 

I've been looking at some small multi family homes on the MLS in Chicago and it seems like a lot of the rents on there are below market.