I would be open to any additional questions you have about property management apps and/or land lording. 

Geo leads) seem like a walk in the park.In sum, you want to focus on income-producing activities (lead generation) given the fact that you don't have much time in the day to spend on RE. 

Additional units will add a HUGE layer of risk that will be accounted for during underwriting with this scenario as you are very clearly purchasing the home in WA with the intention of renting it out for cash flow (that's not a primary residence, but an investment).Personally, I would advise you to do this as a second home transaction, as the second home scenario makes a lot more sense to me from an underwriting/guideline perspective. 

I don't want to be an idiot and spend it all away.

You could only buy one house for $400,000 in Cody, Wyoming.NOTE: please do not spend every dime you have to purchase property!

I think the big question is how much additional supply will come up to meet that demand over the next few years. 

Additionally, BP has an entire post on the 78 Essential Questions to ask a PM.2) If you're going to do this yourself.It is not rocket science.

These are professionals with additional training and a stricter code of ethics.

It's important to note that forming an LLC may increase costs due to additional filing requirements and potential state fees.

The important points often glossed over are (1) is the buyer providing their personal guarantee to the seller for the note (2) is the seller maintaining a wrap position so they can foreclose in the event of default and gain ownership (3) is the buyer putting up additional collateral (4) how large is the down payment (5) what is the LTV (6) is this a personal residence for the seller or investment property (7) will the property cash flow and if so what will the cash flow be (8) is the property in a increasing, declining, or stabilized area (9) is the property being sold at market value, or above market value because of the low interest rate of the existing mortgage and (10) how experienced and what is the track record of the buyer, and is the buyer purchasing a property for investment or to live in or otherwise use.