Interest rate hikes will extend the growth phase i.e. it will take longer for us to get to the 'boom' phase.

@Ryan Ellis & Account Closed: I was thinking the same thing but did not want my post to get too long... with your network of people in the area, see if someone else would be willing to take it over (either sell the note for them to collect or evict and occupy). 

It is faster and easier on your pocket to hire a collector agency to handle this.

With the construction boom after the '08 crash, that industry had been pretty good to me.

People are losing money in booms and busts if you buy badly enough. 

A property is not like a credit card where you can just abandon and the collectors will eventually stop contacting you. 

I too would be interested in a debt collector referral - preferably someone that has used the company before.Thank you in advance.

Fortunately,   things are in good enough shape I can wait a few years for the current construction boom to slow down. 

If you buy the property and this property manager can't deliver, or BC decides to start restricting Short Term Rentals, boom.

It is getting nicer, fancier, and more expensive at a pretty steady rate for now, and as long as the boom in Seattle continues there is no reason this won't continue.