Hey Santosh,As of right now you're extremely exposed regarding insurance and I'm going to assume legally as well.If the home isn't registered as a legal multi-family with the town that's something you'll have to correct ASAP and make sure the home is up to code.Insurance wise as soon as they find out what you're doing they'll cancel you as the risk has changed from a single family owner occupied home to a multi family owner occupied home.

Baselane is extremely easy to use, built for investors specifically, and keeps adding more useful features. 10/10 highly recommend.

To put a relatively extreme scenario out there, if you offer 3% more than the next guy in cash (no bank debt) and provided a copy of a brokerage account statement showing the cash was available, I am certain you would get the deal.To echo Joshua's comments: how you are planning on financing the deal is hugely contingent on being awarded deals.  

Additionally, in my market, a lot of these properties are located in areas where price-to-rent ratios are extremely favorable.

But also, since you're covering several markets, you're not forced to have to buy at extreme prices for land or wait for availability. 

That's honestly an extremely simple process.

Despenas LLC aka SDIRA Wealth aka Modern Day Living Real Estate LLC are all scam companies that inflate housing prices in the neighborhood only to sell eviction-prone extremely damaged homes with no intent to perform the agreed-upon inspection repairs and send you through multiple corporate hoops after purchase only to completely ignore you immediately after the sale.

Two of the biggest challenges I face are that I’m not very liquid at the moment, and the Seattle area is extremely expensive.

This led me to have an extreme ambition of trying to give my future family the things I didn't get.

As you might already know, house prices in New York are extremely high, which makes it financially difficult for me to try house hacking here at the moment.