What makes the rental appealing to potential tenants? 

Hi folks, we are looking at potentially retrofitting an existing SFR with sprinklers in Seattle (city code might require for a new backyard build).

Make sure your due your research and create yourself a check list that makes sense to you so when your out there making offers you can take that property through your checklist and see if that property meets your needs for what you are trying to accomplish.

A property’s location can significantly impact its value, potential for growth, and overall success as an investment.

How do you all handle annual increases to adjust for taxes and potential insurance hikes and would you have them sign a new MTM agreement or add an addendum? 

It also has the potential to be a B quadrant business and I quadrant investment (for those of you who know the cash flow quadrant).It's great to get training but make sure you trust the source.

Even though the cashflow is negative now, would it make sense to hold the property for potential appreciation ? 

When I did some online research I was getting a lot of conflicting information. 

Although if you are potentially moving in the next 3-6 months then that might not be the wisest strategy. 

It's advisable to complete these repairs before buying the modular home for peace of mind and potential negotiation leverage with the seller.