Also consider purchasing an one year extended warranty.

You will be much less extended and be in a better position at the end of the seasoning period for your LT lender (particularly with your credit).

In the long run we're all dead, so expand the time horizon enough and nothing is sustainable as far as any of us are directly concerned ... short of that, I agree that you need to carefully define your time horizon and assess the impacts that has on your strategy before you answer these questions ... or sometimes not even short of that; personally, some of my assets will go to my children, so my time horizon for some investments extend well beyond my own death.

Since most of us are based out of the Seattle area, we figured King/Pierce county would be a great place for us to start.The purpose of this post is mostly to say to hello, but also extend an open invitation to anyone willing to connect.  

More money than I think you might get in a cash out.Be careful about over extending yourself. 

What if you get over extended on a rehab, and can't finish the project?

Do the extended math.  

The adjustment will probably not help investors much as the majority of good pickings will come from over extended SFH and condo owners. 

My idea was to extend that separate toilet and add a 2nd shower. 

So, the question is, do I go for something that will extend me a bit financially with possible long-term gains close by, something safer with lower but solid return that's out of town, or "go big" for high cashflow in a riskier area out of town?