What is the average acquisition cost of the houses?

Hard money and private investing are both ways to finance flips, but they work a little differently.Hard money loans are typically from companies or private lenders that specialize in short-term, high-interest loans.

The property is zoned as a SFR house and likely in a neighborhood of the same.Was the property not appraised by the bank when you got your mortgage?

@Audrey Sommer I prefer investing in my local market (Snohomish County).

I fear the lawyers will become wealthy over this litigation...Overall, it's an interesting "solution" to the problem of foreign investment in real estate and the lack of adequate housing for the population. 

An example would be a $100k house that rents for $2k/mo.

instead, saving that cash for a house hack is such a better use of it."

Cleveland stands out as a great option for real estate investments.

I’m looking to invest in nearby areas, focusing on fix-and-flip projects and new ground-up construction.

Quote from @David B Graham: Investment Info:Small multi-family (2-4 units) buy & hold investment.