Hey all, wanted to share with everyone my experience purchasing my first multi-family and maybe help some people and also get some tips on how to improve the process going forward.

A good mastermind group- with several people that have a call in every few weeks to discuss issues with the facilitator, and then they meet up several times a year to do work in person would be a solid improvement to this segment of the business.

My strategy would be to let it cash flow initially for the next couple of years, and then if the area keeps developing, determine if its worth making substantial improvements to raise the rents significantly.There are definitely some risks with this property: many tenants are on short term leases; and there is the risk that the immediate surrounding area does not continue developing as it has over the past couple of years. 

Theoretically, this means improved real estate marketing performance and ROI.CurationCuration remains a popular trend, though its value may be suffering due to larger trends, and the obvious need for originality.CrowdfundingNot only is technology creating more efficiency in mortgage lending, it is spawning new financing models altogether.

You are not going to see much of a divergence in their performance relative to Portland proper.

@Jay Hinrichs it certainly seems like Longview has improved over the years.

The hardest part is knowing what to buy and performing your research.

So 1031 seems to be wise.But you've got the improvement costs to sell and you've got that pesky credit card debt that may not be too much but it's a drag on you. 

After you get a feel for this property and it seems to be going well, take another look at your finances and consider your next property, which I would recommend is similar to your first in type and performance.

It may sound a little like overkill, but for me overkill probably isn't possible given where I want my level of involvement to be in performing active field duties and tenant interfacing, which is ZERO.That is all very valuable to me as it allows me to focus on my professional work and securities investment which is what I prefer to do.