Focus on the big moves: security, renovations, and cutting dead weight. 

@David OhCreating a profit-sharing program is a great way to align employee goals with the company’s success, but it’s crucial to design it carefully.

The Snohomish county program details can be found at http://snohomishcountywa.gov/DocumentCenter/Home/V...

@David Woodside The 500-hour rule allows you to treat rental losses as active, enabling you to offset other income and reduce your tax bill significantly.

These programs usually need a 700+ score. 

The state laws (do not quote me) appear to not let these companies increase rates (or its not easy) to pick up the losses.

To minimize upfront costs, explore down payment assistance programs, creative financing strategies like seller financing, or rent-to-own agreements. 

No, it would be a total loss.

Is the cash flow loss a lot less than than the equity and what is the plan to be cash flow positive? 

Hi Treza,Not sure where you are in the process there, but when your ready to exercise financing options please reach out, it's very difficult to find a ground up program for inexperienced borrowers without having an experienced GC sign on the loan with you which in turn is not easy to find.