If you have the cash to burn for a 2nd home and actually love Seattle go for it.

Here in N CA folks can find property (not structures) that have burned up 😔

That seems like a big cash burn with all this headache.

Either the seller or listing agent has likely been burned by Easy Street. 

With this underwriting, it all seems to rely on burning off of loss to lease, vacancy and concessions.  

I first became interested in real estate after a high school friend of mine partnered with some people close to him to flip a house where he turned a large profit, especially for a 20 year old. He told me about the Bi...

You find out up front if they have any cash or not, vs burning 30-45 days to find it appraises at your listing price, and they don't have the cash to close.Get a VA checklist from one of your trusted lenders and make sure everything in the house meets the checklist. 

I'm still current on my payments but by now all the hope is lost.all of my life savings are gone, and now I'm about to have collectors on my back for the rest of my life.I need an advice how to navigate through giving up on the properties.DennisYou will have to save up again.And not see this as the end, but look for more cunning ways to begin again.I do not do AirBnB type stuff, but you seem to like it (yet it is momentarily down--it will probably come back up again), but once burned!

I to have been burned by contractors, Im sure most people have.

You can’t stop the house from burning down after you incurred costs, but before you’ve closed. if you’re leveraging, you can’t change interest rate (much.) you can’t guarantee that you don’t have a year of rent loss because your state decided to put a moratorium on evictions. did you see the case in California where the guy sold his house but didn’t move out?