They usually do not have these figured out, I mean sure, everyone wants to 'make money', or ' own 10 properties in 3 years', or (my favorite) 'replace their W2 job in 5 years'.....but they have not thought any further than those basic (and misguided) goals.

Hey Daniel, sounds like your in a good spot to reposition your portfolio. 

WA is not a landlord friendly state, but if you are going to invest in WA, the eastern side has some hot spots like the tri-cities area that may yield good cash flow and appreciation and still be close enough for you to go there when you need to. 

An FHA loan to force appreciation is a smart move, and with $100K saved, you’re in a great spot.

with millions of hosts, if you are in a bigger market, there is only a few spots that can be on the first page. 99.99% of hosts will not be on the first page. so making sure you have the most exposure to the most possible guests is the aim. just like a company making a tv commercial to be exposed to the largest audience possible.sorry, i dont think your post is controversial, its just wrong. 

It also puts your agent and lender in a tough spot where it could be a perceived "fraud for profit" and they could lose their license and face time/penalties if they knowingly cooperate.

It's amazing to see old properties get renovated into something beautiful again - It's one of my favorite things about being a Chicago general contractor!

Hi @Jefferey Eutsay,This deal has potential, but there are a few critical blind spots and questions to address before making an informed decision:Cash Flow: What’s the current and projected NOI (Net Operating Income)?

Dave Meyer weighed in today on the BiggerPockets YouTube channel with his favorite options: Is $20K Enough to Invest in Real Estate?

Actually, I spotted your comment as an after thought, insignificant to me.