I am mentored by one of the top brokers in the Pacific Northwest.

Greetings from the beloved Pacific Northwest in Seattle, WA where the market is red-hot, prices are high and climbing, and its still a great time to buy - that is if you can afford it.My wife and I grew up on the sunny beaches of South Florida where we both got our masters in West Palm Beach, FL. 

I've been looking into it and it seems like it could be well worth it to learn how to inspect homes myself, rather than potentially wasting money inspecting properties that don't pan out.

November 9 at 5:00 PM Pacific, 8:00 PM Eastern.

A drain pan underneath the washer is not adequate.Absolutely get pictures.

Haven't messed with residential in awhile.I do know the asset managers holding the first wanted to know what the second was willing to accept and wanted something in writing approving a payoff amount.The first lien asset manager didn't want to work the file until the second agreed to a pacific amount for the payoff.Maybe I missed in your post but what did the first accept as a payoff amount??

Most of the walls are plaster, so was panning on going on top of it with drywall - needs new flooring, kitchen, bath, add AC to forced heat, may need a new roof, depending on extent of damage. 3 bed rentals around here going for $1800. 

@Ty Downing I'm curious as to how your 50k LOC panned out with NFCU?

Both haven't panned out.

The properties in the area are gaining value very quickly...but that is just a bonus, it's not included in my plan just in case that doesn't pan out.I am worried because this would be my first deal, it's far away, and I'd be putting down ALL of my cash.