Establishing yet another LLC in WA will force you to do quarterly state B&O reporting again with the dept of rev.

Term SheetInvestor Contribution $281,494Use of Funds Escrowed and disbursed directly to lienholders to ensure title clearanceProperty Valuation Floor 700,000.00Investor Equity Share 40% of net appreciation above valuation floor, payable at exitExit Trigger Sale, refinance, or 10-year maturity (whichever occurs first)Security Instrument Recorded HEA agreement, subordinate to primary mortgage ($306,020)Investor Position Subordinate to mortgage; senior to seller equityClosing Timeline 30–45 days from investor commitmentDue Diligence Access Full access to property disclosures, listing activity, and lien documentation.Strategic RationaleLast 12 months: ~8.68% appreciation—slightly above national averageLatest quarter: ~1.61%, which annualizes to 6.61%High Equity Potential: Estimated $281K in equity post-lien clearance.Market Momentum: Active listing with strong visibility and buyer interest.Risk Mitigation: Investor position secured by recorded agreement and valuation floor.Resulting in liens of $281,494 (investor) and $306,020 (Mortgage) is $587,514Yearly Breakdown:Year 1:Property Value: $700,000 × 1.06 = $742,000Net Appreciation: $742,000 - $700,000 = $42,000Investor's Share: $42,000 × 0.40 = $16,800Year 2:Property Value: $742,000 × 1.06 = $786,520Net Appreciation: $786,520 - $700,000 = $86,520Investor's Share: $86,520 × 0.40 = $34,608Year 3:Property Value: $786,520 × 1.06 = $833,711.20Net Appreciation: $833,711.20 - $700,000 = $133,711.20Investor's Share: $133,711.20 × 0.40 = $53,484.48Year 4:Property Value: $833,711.20 × 1.06 = $883,733.87Net Appreciation: $883,733.87 - $700,000 = $183,733.87Investor's Share: $183,733.87 × 0.40 = $73,493.55Year 5:Property Value: $883,733.87 × 1.06 = $936,757.90Net Appreciation: $936,757.90 - $700,000 = $236,757.90Investor's Share: $236,757.90 × 0.40 = $94,703.16Year 6:Property Value: $936,757.90 × 1.06 = $992,963.37Net Appreciation: $992,963.37 - $700,000 = $292,963.37Investor's Share: $292,963.37 × 0.40 = $117,185.35Year 7:Property Value: $992,963.37 × 1.06 = $1,052,541.18Net Appreciation: $1,052,541.18 - $700,000 = $352,541.18Investor's Share: $352,541.18 × 0.40 = $141,016.47Year 8:Property Value: $1,052,541.18 × 1.06 = $1,115,693.65Net Appreciation: $1,115,693.65 - $700,000 = $415,693.65Investor's Share: $415,693.65 × 0.40 = $166,277.46Year 9:Property Value: $1,115,693.65 × 1.06 = $1,182,635.27Net Appreciation: $1,182,635.27 - $700,000 = $482,635.27Investor's Share: $482,635.27 × 0.40 = $193,054.11Year 10:Property Value: $1,182,635.27 × 1.06 = $1,253,593.39Net Appreciation: $1,253,593.39 - $700,000 = $553,593.39Investor's Share: $553,593.39 × 0.40 = $221,437.36

But be ready for a tax hit on all net profit in that same year unless planned ahead with estimated payments.CPA & Bookkeeping: Use a real estate-savvy CPA to help set up proper bookkeeping, project tracking, and quarterly tax estimates.

Many people don't tell you about the large investment it takes becoming a licensed realtor with annual association dues, quarterly MLS fees, monthly Supra fees, CE, brokerage fees, etc. unless you're doing a ton of deals I don't know that getting your license would actually save you much. 

Plus we send quarterly updates even though not required.  

At 90k a year, that's supports a salary of 65-70k/year--you could hire a full-time handyman who manages your rentals quarter time and then spends the rest of his time working BRRRs for yourself. 

(Contractors, quarterly tenant checks, etc.)

Standard tasks like rent collection, tenant placement, maintenance requests, and lawn care included. 8% management fee, $500 leasing fee when tenant is placed.I moved to Chicago recently but still travel back to turn my property between mid term tenants (at least once per quarter).

However, these initial figures are later refined using “better data” (known as the Quarterly Census of Employment and Wages (QCEW), which provides a clearer picture of employment trends.

Operators systematize first impressions by:Design Strategy: Hire a short-term rental interior designer (not just a stager) who understands flow, photogenic layouts, and Instagrammable moments.Photography Package: Invest in professional HDR photography + lifestyle shots (guests using the firepit, coffee mugs on the deck, etc.).Exterior Systems: Seasonal landscaping contracts, pressure washing schedules, and lighting plans to ensure the home is always photo-ready.Listing Optimization: A/B test lead photos quarterly (e.g., pool shot vs. firepit shot) and measure CTR against competitors in your market.System: Quarterly Design & Photo Audit Checklist — every 90 days, review your top 5 competitor listings and update your lead photo, titles, and descriptions to stay visually competitive.2.