Im working on getting another appraiser over there in hopes i can get mid to high 6's Maybe try a BPO - this will be cheaper but not as detailed and should give you a general idea of the market - its much more expensive and time consuming to get an appraiser if your going to do multiple of them.  

Being a broker in Western Washington and an investor in Tacoma, I completely understand the challenge of getting started in this market.

But it's playing with fire to buy there if STR is a priority as it's very likely they will eventually start enforcing it better.Yes I've seen this same thing in some of the markets we operate in.

To thrive in real estate investing, you must maintain a firm grip on your finances.

Its a slow learning process if you havent been in the lending, investing or real estate world before.

@Charles F Dominie, I'm in your market.

I understand it’s a different market but I think $1200 is a pipe dream.

I am looking into my STR options but from what I have learned this is a overflowing market in the area and the vacancy's are increasing so I may look into mid term and long term only.

It’s awesome to see your passion for real estate and your clear goals for building a portfolio.

You can also check meetup.com or search Facebook for real estate investment groups, clubs, or meetings in your area.