Doing this will allow you to leverage your remaining funds as a backup in case surprises occur.  

Been listening to podcasts and doing a lot of reading and it won't surprise anyone that I find this community to be an amazing resource full of some really thoughtful and kind individuals.We are currently making an offer on a piece of land up in the Seattle area (hopefully around $170k) that appealed to us because of it's location for a possible home when we retire.

You'd be surprised at how many experienced investors are willing to help. 

You would be surprised how many need to be told to do this. 

I would be very surprised if you can find something with two legitimate dwellings in an A or B neighborhood for less. 

This was not surprising - as many other owners have ran into the same issue and there doesn't seem to be a fix.What is my obligation at this point?

We all know there are surprises that come up, so make sure to leave some cookies in the closet to account for those surprises.

I was quite surprised, pleasantly, that he does what he does.

However if you keep at it, one day you will be pleasantly surprised at the cashflow and debt pay down and appreciation and your net worth.

As we were not planning on even looking at this home, we nicknamed this our ‘Serendipity House’.After a little over a month of owning and making sure there were no surprises, our BP calculator outputs have held up: $220 monthly cash flow after reserves @ 12.9% COCROI.