Then a wise man who was already successful doing what I wanted to be doing shared some common sense that I took to heart: settle on ONE strategy to get started and block out all the other noise, the BS, and the well intentioned but misinformed friends and relatives telling you that you can’t do this.

You’ve got a good base, but turning it into a break-even or profitable investment requires more intentional planning.

Well-intentioned, but there’s some uninformed advice here and misunderstandings about what can and cannot be adjusted.

What was your intent when you bought it?  

Would this be a letter of intent or promissory note?

My intention was to minimize my reported taxable income after taking expenses against the earnings through the LLC.

I do have every intention of doing everything that you said.

Seller financing is very hard to get.Most seller has the intent of collecting all the money upfront for a new property.To entice the seller to accept a low down payment, agree to the purchase price without negotiating, cover the closing costs and if there are any commissions involved with brokers/agents.

If you don't have the intention to actually occupy the home in Washington as your primary residence for the majority of the year, then that is occupancy fraud (investigated by the FBI), which would likely include some jail time if you are found guilty of making misrepresentations.

So you're asking a tenant to use a system you have put in place, then when it takes a couple extra days you want to charge the tenant - regardless of the tenant's intent and the fact that they are following the rules you put in place.