As mentioned above check your local laws regarding STR, occupancy, building code etc.If good on the above, then figure out your cost. 

I'd also look at landlord tenancy laws for WA as I think they are pretty tenant friendly and getting rid of a bad tenant (even one who doesn't pay rent) may be hard.You mentioned you'd profit $130K if you sold it. 

https://www.kts-law.com/practice-areas/landlord-tenant-law/Good luck!

Curious what current wholesalers in the state plan to do when this new law starts??

REI's BLINDESIDED Over New Fed RuleThe Feds put a new law in place.

Plus, there is no State income tax in Nevada and the tenant/landlord laws are still more landlord friendly. 

Here's a guide for evictions in Alabama: https://www.hemlane.com/resources/alabama-eviction-laws/

If not, well you know the old saying, "the best time to get a lead paint certificate for your units was last year; the second best time is now".I've been told that the RI DOH may not start hitting people with fines for failure to register on October 1 as the law allows them to, due to the insufficient # of inspectors in the state to meet the demand.However, I've also been told that the other part of the law, the one that makes it so you cannot file for an eviction in RI without a current lead paint certificate, is expected to take effect sharply on October 1st.For anyone who hasn't submitted their properties/units to the new registry, I have a 15-page guide (with screenshots) that walks you through it.

JohnThat must be a Florida law.

A lot of cities floor me by telling me they don't allow it but then they can't tell me where to see the language of the law.