If we put a tenant in the house we will have to pay the state back their $8,000 of assistance.Loan Balance: $150KCapital Required to Rent: $10K ($8K to pay out the state and $2K that I put into professional cleaning and new carpets.) 

This was 3 years ago and the seller ultimately decided to refinance anyway because rates at the time were more favorable but I believe for illustration purposes, that's the conversation you can have with your lender.

Other option is get the house delivered empty. 

Are you talking about your purchase of another property in this statement or did you accept a 2nd offer to sell on the same house and mistaken say seller instead of buyer???

Hi Bigger Pockets community, wanted to learn more about short term real estate investments, and house flipping from a local in the Seattle area.

To find a house where the seller is willing to sell it to you Sub2 the existing loan you need to do quite a bit of marketing.

Also I am considering purchasing a yearly plan and request for a prorated refund once I flip the house.

The local building department wants the replacement stairs to have a 1-hr fire rating due to the proximity to the neighboring property.

For example, a distressed house may cost 200k and if fixed sells for 350k, but it needs 100k in work so the spread is 50k and then work in all the holding costs and closing costs and if there is any hiccups you are under water. 

But no more than 1 purchase a year, so it could be a SFH I buy to do STR or Student Housing or a multi-family in a cheaper market.