If you find a STR deal, in Seattle or otherwise, you should pounce on it IF you have a solid contingency plan for what to do if tourism is frozen for 6 months... a year... or even a few years.

The doctor recently told me that he saw the news that 'Mortgage loans' are hitting a 29-year low, and that the real estate market is frozen.

Seriously it's been freezing for a week or longer it's all frozen.

Our current account is "frozen" and we can decode what to do with it.

Toilet overflowing...pipes frozen, Circuit breaker tripped. its just not cost of physically getting their, time is money.6.

This means the pipes have already frozen.  

make sure you are very extensive with your inspection of the property,  I have had frozen pipes in a couple bank owned properties, many times you will see a sign or notice that the property is winterized but you could still have broken pipes, sometime inside walls that you will not see until you get water turned back on. 

They were all either frozen or cancelled in early 2008(?).

During the walk though I found several old signs of previous problems that seemed to have been "fixed" (old leaking drain lines and frozen water lines, etc..). 

Are you frozen by Analysis Paralysis?