He could get fired from his W-2 at any time, that's a risk too.Go for it.

The macroeconomics are on fire here - population growth, job growth, and companies moving and developing here.

I will add that you definitely do not need to be near your investments, but it makes things a lot easier when you first start off. 

--Searching properties:Size: 0-2 bedroomsPrice range: 300k maxI've started looking on clasificados, and trying to determine where to search.

God forbid the property is destroyed by fire/flood. 

Make the start date of the lease contingent and effective upon closing. 

The company I use, NREIG, just started writing again in some of the northern parishes, but aren't covering large multi-family and are requiring a minimum dollar amount per ft. sq. 

As a beginner investor based in the Seattle metro area, I'm eager to learn from your experiences and share my journey as I get started in this field.My current strategy is to focus on live-and-flip for the first three deals (looking for my second deal) to gain hands-on experience while building equity and learning the ins and outs of renovation and the local market. 

Happy you joined the party.. how soon do you plan to start crunching numbers on a potential deal?

Their lease is 6 month term with a same rate month to month however, their insurance states the rebuild of their home and fire investigation efforts are going to take 12-18 months.