I found out the ares is going to be paced in flood plane 2019 and structures will need to be raised 5 feet or more to qualify for affordable flood insurance.

New jobs should be keeping pace with or exceeding population growth.  

I wouldn't bet on appreciation to make my property work, but I have a really hard time if I cannot have a reasonable expectation of a property appreciating at the pace of inflation (2-3% a year.)

After that, it doesn't increase at anything close to the same pace unless something provocative happens in the overall economy.Holding for the third year allows the trailing 12 months of income to bake into the operating statement and then sell to capture the largest gain in the shortest time. 

He’s been in the game about five years, and this year is on pace to make close to 90k from real estate alone.

He did mention about the market pace here in Washington state would be difficult to carry this out as CDOM is about 7-8 days, and most listing receive multiple offers and end up with a minimum of 10%-15% above the listed price.

With the pace that properties are increasing in value and the fact that the 203k requires property improvements which increase the value, it's very possible that the 203k borrower can refi out of the 203k within 12-18 months. 

Another option I ran across is using a gator lender (pace morby's method) to JV on the deal.

Abel, I appreciate your feedback & I can definitely see how having 9 years of Counselor experience would be a HUGE advantage as a Realtor.I currently work for a Large Tonnage Refrigeration company as a Field Foreman.I enjoy the fast paced ever changing environment, I love being the leader & the one who others look to when the deadline needs to be met.I’ve invested a great deal of my time listening to audiobooks, podcasts & reading to further my growth & potential to excel.In the area where I live, (Boise,Idaho), I see a lot of Realtors that are “comfortable” & who spend their time looking good out at the clubs.

At the pace you seem to be moving and how you've responded, it seems like you are aggressive and seeking for another rental property (even though it's super hard to find right now) but it'll pop up.