They have never purchased a house themselves or flipped a property, but they look great on Instagram/Youtube and here in Bigger pockets, too.

I'm looking for advice on whether I should purchase my father-in-law's 6 unit apartment in Burien, WA (10 minutes south of Seattle) as my first deal, or perhaps help find him a seller that would pay more than I could and is a couple years ahead of me in REI. 

And what is your price range on the purchase price?

This is my first purchase, where my intent was to install recessed lighting all throughout the house.

But I purchased land in cash and leveraged it to build a new construction stick built home.

You get a Capitalization Rate (CAP Rate), which equals your annualized return by dividing the Net Operating Income (you had gross in your narrative) by the purchase price.

refinance our own home with some money down + purchase another flip? 

I purchased then started the remodel before trying to rent.

Has anyone purchased Real Estate with cryptocurrency?

Hi Jonathan, what is your buying criteria in GA and what counties are you looking to purchase in?