@Douglas Ellis this is truly difficult to answer without knowing your whole position, experience, goals, etc. you can make an argument for each method. 20% down minimum exposure, rent as-is, won’t cash flow as high, but if you can manage and maintain, the product will hopefully run itself with the occasional maintenance call and such.

When they move out I delete that specific code and never have to change the actual lock....unless it fails and breaks...which is the occasional problem with them. 

You will have to patch and jet lines occasionally.

If you have construction knowledge, that may be a plus for a value-add deal.Without any capital or experience, it is going to be hard to lock up a property, so my advice is to partner with someone.We do this occasionally with talented individuals who want to add value to the sponsorship.

She called a neighbor on one side of my house and he lets us use his driveway occasionally. 

I don't know exactly when/how those will impact supply, but it has me thinking maybe to focus on 3br's for now (assuming 2br and 1br will be bloated and rents suppressed for awhile).Are there any local groups or meetups you can recommend in Moses Lake?

You can type in any city or even zipcode and it gives you all kinds of great info, household income, population, housing vacancy, housing stock age, mix of multifamily vs single family ect :https://factfinder.census.gov/faces/nav/jsf/pages/community_facts.xhtmlHUD produces occasional annual reports for most metros:https://www.huduser.gov/portal/ushmc/chma_archive.htmlThe Local County Website or city Municipal websites often have great research as well.Development is important in a growing metro because it shows you where people and business are moving.

In my 18 years of running hotels, I would say 20% is most certainly bloated.  

Occasionally, we will use their post cards but mostly we upload our own custom letters. been using it for around 2 years now.

There are still good deals for flips occasionally too but you’ll have to work to find them.