Seattle itself is already rather anti-landlord and getting worse every year. 

The thing I don't like about the tri-state area is the anti-landlord legal system.

Just as many pro-STR proponents attended the legislative hearings as anti-STR folks, so it's a big industry here that individual homeowners are trying to protect.Happy to talk more about all this and answer any questions.Melanie

*In many cases, the people who are the most vocal in the anti-license camp have never had a real estate license themselves, and don't really understand what it entails or what the benefits are, but are quick to tell you how you should run your business. 

That gets to the overall competition you mentioned (prices getting bid up, especially on MLS rehabs.)I'm not necessarily anti-flip but for a flip the emphasis (for me) is being able to get in and get out quickly.

And from that 3% about 80% of the people that open your mailers will contact you to yell at you and demand you remove them from your list.Mark my words, if you are going to use lists, unless you are going to spend $20K/month on mailers you will most likely regret it.Yes I really do hope you are going to be one of the FEW lucky people with success doing DMM... but more than likely that is not going to happen.And to avoid this post to be just anti DMM...Here is somethign you need to do.If you are going to choose DMM, FIRST find out what the cost/deal is using DMM in your market.Then decide if the hassle is worth it (angry home owners yelling at you, skip tracing, dealing with non motivated sellers).

*Am eligible for a VA loan, have 0 debt, credit score 800+*Currently only have $10k cash saved for investing, income doesn’t allow for big gains in this area*Slightly anti social, very scared to take risks, and easily overwhelmed!! 

Hope the public is not hoarding For Sale signs.The only way we can make this fair and fight extreme rent controls or extremely lopsided anti investor is to join apratment associations and band together.

The situation is tricky and this municipality is notoriously anti-landlord.

This won’t be popular to read in some quarters, but federal and state officials need to start adjusting their anti-virus strategy now to avoid an economic recession that will dwarf the harm from 2008-2009."