Additionally, nearly one-third of respondents said that they considered housing affordability a Top 3 issue when deciding who to vote for.

I would be open to any additional questions you have about property management apps and/or land lording. 

Additional units will add a HUGE layer of risk that will be accounted for during underwriting with this scenario as you are very clearly purchasing the home in WA with the intention of renting it out for cash flow (that's not a primary residence, but an investment).Personally, I would advise you to do this as a second home transaction, as the second home scenario makes a lot more sense to me from an underwriting/guideline perspective. 

I think the big question is how much additional supply will come up to meet that demand over the next few years. 

Here are some additional tax incentives that you may find helpful:Best Tax Strategies for Real Estate Investors (biggerpockets.com)

Good LuckTypically multifamily is 5 units or more and Single Families are 1-4 units, so I was confused, so thanks for the clarification  Actually, that part is only half true because there are additional criteria that need to be considered to be multifamily vs SFR, such as separate utilities, heating systems, how they are attached to one another (Vertically vs horizontally), etcan easy way to differentiate and communicate is to call it multifamily if it has more than 5 units. and Single family for 1-4 units or call it how it is duplexI own several duplexes that are considered single-family homes by the city.In the end, it is your decision on how to use it

Additionally, BP has an entire post on the 78 Essential Questions to ask a PM.2) If you're going to do this yourself.It is not rocket science.

These are professionals with additional training and a stricter code of ethics.

In addition to some of the great advice above, I would put some serious work into your personal household budget and building up a substantial (6 month) emergency reserve fund.

Additionally, if we open a LLC to manage our own properties, do I need to hold a broker's license in KY to do this legally?