Hello allI have been looking at some areas in Washington state and Str’s around Suncadia caught my eye but it seems there are some restrictions if you don’t use their in-house property management.

@Jarrett FogelmanSolar is only worth it if your area has ridiculous SREC credits so system pays for itself in several years, for example Washington DC has high electric bills and great credits so the payback is 3-5 years.

I don't know the California market, but I have seen a lot in the greater Puget Sound WA. 

Wicker park and Logan Square have reached a critical mass, and Avondale is on the way there, so Hermosa and Belmont Craigin are getting popular.

Then tell the agent to run comps for ARV based on updates you do.And you also said you can't afford to lose $20-30k, the most seasoned flippers/investors lose money all the time, and ultimately that is part of your education costs, hopefully you don't make any costly mistakes, but you have to run your numbers well enough to make sure there is some 'ooops' fund to help shield you from that.As for comps, typically, appraisers want them to be in the same neighborhood, within 15% same square footage, same # beds/baths and age.

I really do not want to sell the Condo because I do have a 3.5% Interest rate w/ a positive cash flow of about $450/month, even after the $330 HOA fees. 

When we did this and we did a lot of is through pre foreclosure rescues before the laws changed in 08 basically making it illegal WA OR  ..

If you add 1,400 square feet you can easily put 3 Br/2 BA on it for  $210,000.

Because it was a rental BEFORE it wa your primary you don’t get 100% tax free treatment.

I'm in the Washington, DC area and I've been interested in going turnkey for a while to get out of self managing properties, and to get higher cap rates.