Definitely get the structural engineer to look at the joists & support beams to see what's up with the uneven floors.

I'd definitely consult an RE attorney who is versed with dealing with these. 

@Scott Tennell there might be two different definitions here to the PML term.So, if you mean you are reaching out to PML that lend money all the time and have experience doing it - then they will tell you what their requirements are.  

Drue, looking at your family friend’s property, there’s definitely some room to maneuver here.

I am not opposed to the idea but definitely need to get more educated on the details such as where exactly, is it too crowded of a space, how to be competitive, maintenance requirements for a beach rental, etc.

There's lots of definitions and distinctions between the two that get thrown around. 

Let’s definitely connect—I’m always interested in collaborating or sharing ideas related to investment opportunities in Washington!

Quote from @Chris Olandese:  I like this too - it's very definitive which matches my work ethic.

Appraisals are unreliable, but there are definitely places like near me where you can make the money off of resale. 

It's definitely priced to sell, but I agree, this would be more stress and more time.Please do let me know if you have any referrals for lenders and attorneys, thank you!