@Maxwell Hinesshort term - BRRRR method, for example.buy with cash or hard money, rehab with HELOC money, then refinance and pay it all back.you never want a HELOC as part of a long term situation.

Ask about any unforeseen challenges that have come up (there always are, so not all challenges are a red flag), and overall let them know you're an involved LP who likes to be kept up to date on things

The final part of my degree involves a capstone project, and a requirement of the capstone project is that it be overseen by an industry mentor.

Lead Free involves more expensive tests and has a higher standard, but you're "one and done" in terms of licensing and registration.

For your first project it is nice to be able to see it, talk with all the people involved, know the area, know the schools, know the employers, know the neighborhood, meet your trades, etc. 

and see what skills you might have to add some value as a side hustle.Things started to happen organically as I got more involved in the Chicago real estate market, and I am confident they will for you, too, in Seattle!

I am not going to answer your question directly because it would involve teaching and there are a lot of points to learn about this.

I have found lots of heirs with that simple method.

Better off saving the 20% down payment + closing costs and reserves or getting a partner involved. 

The other way is called the Enemy Method, where you go to Airbnb and Vrbo, look at your direct competitors, and figure out how full their calendars are, at what prices, keep a tally of their income, and make a guess as to their yearly gross.