You should reconsider looking for a property zoned for short term stays.

The lessons you learned the hard way in 2008 will be invaluable now, and it’s great that you’re aiming to stay small-scale and within your comfort zone of Sacramento, which gives you an advantage of knowledge in that market.Given your experience, I'd say start by focusing on three key areas to build confidence and minimize risks:Budget Control: Over-renovating was one of the big mistakes you mentioned.

A good coach will push you to take action, focus on the action that creates traction, stay consistent, and follow through on your commitments.3.

I'd rather stay out of the way and let professionals do their thing.  

I have stayed at Airbnb's in Rome and Naples, and there are Airbnbs of course, but you really need to speak and learn the system.

Then you can rent in Seattle for 1 year or 2 to make sure you want to be there for a while and decide what area you want to live in and eventually buy something there if you decide you will stay. 

I am basically looking for a cashflow property in the Lehigh Valley or anywhere else, but I would love to visit the property as I am staying in the NJ/NY region.

I was referring to Owner Occupied foreclosures in particular, when warning to stay away from foreclosures in certain states.I agree that door knocking would be the best way to get these deals down.

The tenant wants to stay 2 weeks post closing in order to get all of his stuff out.

Generally if people are in town they stay with me till they have to go.Everyone wins.The downside is if you get a bad apple in the house it can and will spoil the entire bunch.