I personally really like the suburbs, and that's where I have most of my rental properties. 

Capacity and Tolerance. 1) Capacity: how many people can you comfortably fit in the property, is there room to add more, or add more value to the tenants to increase rent.2) Tolerance: How many people are you comfortable living with, if there are vacancies are you able to handle that.House hacking is an amazing path to homeownership, and a nice low barrier to entry into self managing your properties.

I see people purchasing new STR's here and others dumping their properties or converting into LTR's. 

I did not come back to revisit this post from so long ago.I did not buy this property. 

If no loss protection and likely relo again, I would rent in Seattle and buy several investment properties. 

Contents (Personal Property): most homeowners policies give a set % of the Buildinglimit for Contents.

80% on primary and 75% on investment property I believe.

My question is: when wholesaling, after finding a great deal, do you need real proof of funds to the get the property under contact or is there a way to get it under contract, find a buyer and complete a double closing/assign the right to sell without actually having the cash for the property? 

If you turn any two "bonus rooms" (rec room, office, formal dining room) into two more bedrooms, then you're at $5,950+ per month—a 138% increase in rental income.Now, imagine scaling this across multiple properties while keeping lower upfront costs compared to multifamily properties.

I’m in the process of purchasing a second home in Aspen, CO, which will also serve as my first STR property.