Consider a new Seattle law that bars landlords from screening prospective tenants for any criminal history.Passed Monday, the Fair Chance Housing ordinance prohibits landlords from excluding prospective tenants because of their criminal history, from requiring or conducting criminal background checks of those prospective tenants, or from charging them higher rents and security deposits."

They are not doing a new appraisal because I bought it a year ago and there was an "as complete" appraisal conducted.

In my opinion, you'll learn a lot from the PM just as a person and how they conduct themselves in speaking with you.

They are not as frequent as it was in 2013 when I started, but I'm not conducting as much outreach as I did in 2013. 

Obviously, I will be conducting my house flipping business under a different LLC than my rental business.As for your current situation, I personally would sell the house for at least the appraised value or the value that your real estate agent came up with during their CMA.

If you buy a rent-ready (or darn close to it) property and get decent tenants, that will let you learn what you really need to learn as a newbie in terms of the fundamentals- running numbers, conducting due diligence, managing tenants (or property managers).

I would like to get some feedback from the real estate investor community. I'm reviewing the top 3 CRM's. Freedomsoft, REI Blackbook and Realeflow. Your participation is appreciated. Happy investing.

////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////CONDUCT SOME PERSONAL ANALYSIS - How profitable can it be?

If you do flips, that would save taxes, but flips are better conducted via S-corp and there is no way to specially allocate income high earner. 

@Seth Dillon It may be worth a few hundred bucks to have a title search conducted.