I live in NY and wondering if this situation would be doable/legal:I have access to a very distressed home that I want to make my primary for a few years.

@Eugene Rabinovich Hey Eugene it’s a great start, it’s not easy however it is very doable.

[being an agent part time is doable, its not ideal because its a 7 day a week commitment so you are at the mercy of clients and their demands - and they can be demanding just based on the sheer crazy competition of the current market. its alot right now for sure. start slow and team up with someone you would be better off, I always emphasize sustainability and duplicatablity]Here is my dilemma, I working a full-time job and have family obligations so I can only commit to Real estate part-time.

Doable, but tough and you would need to act very quickly if you saw something that matched your criteria. 

It takes some practice, but is doable!

But I have not received a single application from these kinds of people, ever.Is 3x the monthly rent standard and doable, even in LA?

It’s doable.

It seems doable, and it looks like both turn-key and commercial are areas worth considering.

So my thinking was $20-$30k gives you a $517-$857k property which is pretty doable in Western Washington without going into the heart of Seattle or Bellevue. 

You will get dirty, you will loose sleep, you will be uncomfortable...success is not easy, but it is certainly doable.