You don't necessarily need 20% down and since it's below market, might have room for a healthy seller concession..check with the lender for disclosing the seller relation. 

Use the BRRRR tactic by finding homes not yet for sale, checking out foreclosures and auctions, fixing up with trusted workers, keeping an eye on fix-up costs, renting to good tenants, setting fair rents, getting a refinance from banks that get the BRRRR idea, and keeping financial matters healthy.

If anyone can provide me with any insight on particular area of either city where investing would be healthy, I’d appreciate it.

Hi Jeff, Most lenders on investment transactions will require 15-20% down payment assuming the credit is healthy. 

Thus, the cost of doing business requires and demands that the PM company charge more and various fees just to stay in business--never mind making healthy profit. 

Problem is,  It's ILLEGAL to cut down a healthy tree in Seattle, even on your own property. 

People, even in this economy, would give you a healthy penny for it. 

I just built a new primary home for my wife and I. Monthly loan is $3500. I’m thinking about selling one of my debt free rentals to pay off the loan of the new house – thus erasing the $3500/month loan payment. Cashf...

They call it Healthy Homes/Healthy Neighborhoods and they have a YouTube channel to watch the transformation.

If your credit is healthy enough you may get financing available up to 85% loan to value on an STR purchase.