Sounds like you may have already done something similar, so it wouldn't be like you are stepping into unknown waters.I prefer to take that kind of buying power and get 2-3 rentals in Tacoma over 1 rental in Seattle or Bellevue.  

Everything is unknown territory, but we keep learning, every day and through every person we meet.

Unfortunately that means the thing that will get us is the 'unknown unknown', the risk we don't even know exists.Einstein said that compound interest is the most powerful force in the world, I'd say that non-recourse loans are a very close second which is why investing in the US is so attractive to Canadians... and everyone else.BTW I think your VRBO investment(s) up at Whistler are great.Giovanni

I've requested additional information and possibly getting a copy of the loan docs that would be used to help answer some of the unknowns.

Our numbers are projected so we make $20K per house (knowing that "unknowns" happen and that $20K can become $10K pretty quick).  

I can handle that doubling but the fear of the unknown has me getting cold feet.

The eviction will name all the parties on the lease (including you) as well as all others known and unknown to reside in the unit.

I have seen lots of people try X,Y,Z and there are usually unknowns that take away from the turn around. 

I would not do business with a lender that required me to provide them with a credit report from another source, which would require me to give my personal information including SSAN to an unknown entity. 

A reputable seller that stands behind the notes they sell has more credibility than some random unknown seller on one of the exchanges.