But I would wait for Seattle and other hot markets to stabilize, the city government are morons - for example almost passing 150$/head tax to combat rampant homelessness.

If this hurricane is as bad as they predict there is going to be a lot of homeless families due to the storm .

The house has been vacant for bout 2 years with homeless living in it so it not a super item plus the offers i gave him was def reasonable.

They have 3 choices get their buddy to pay,  Cover his rent, find a new roommate and choice 4 is be homeless, my guess is they choose one of the first 3.  

These are in neighborhoods that the landlords had no choice if the "homeless villages" were put in.

In California, city even pushes for building container homes as solution for cheap housing to deal with homelessness problem. 

:)Some stats:16 x 2bed, 1.5 bath unitsNOI: 70000Cap: ~10%COC return: ~12%Little about me:Currently working in Corporate America in the Tech sector but I want to build a real estate portfolio to assure my family never ends up homeless.

Apparently for 3 days in a row these lovely tenants have had a homeless person living in the basement of the property (one of their druggie "friends", I'm sure).

Capital Hill doesn't sleep, home of ANTIFA and has the same patronage/problems homelessness as the Tenderloin District in San Francisco.

I agree you will not get 100% LTV if you could everyone would buy a house and no one would be homeless...If you have any more hard money questions tag me and I will answer.