If a conservative amount of risk and leverage aren’t worrisome to you, you likely could be able to pull some equity out of the free and clear property and use to to expedite things.

Once the folks from market A discover market B, they will eventually be willing to to pay 100k for your house, which gets them to an 8 cap. 

HouseHacking is an extremely effective strategy in the Seattle market, and the ROI #'s can go toe-to-toe with most out of state investments.One major difference is that Househacking is a great beginner strategy, but BRRRRing is not.

Like for me, start by typing "@jenk" and as you type you will see a name and icon show up in the bottom of you post so that you can pick them if thats who you want to to tag.

The landlord is a real piece of work, he is very mean and difficult to talk to. To

A commercial lender should allow it, leaving you with only 15% to put down.Our experience has been that the "elderly landlords" tend to be more willing to to a vendor carry (partial or full).

For flipping properties, it is best to to be taxed as an S Corp.

There are tons of ways to to this, but you need to make sure you have an edge on the property you are buying and not just buying something for full retail that you like. 

@Carini Rochester I need to run electrical to to garage too, does that alter your analysis re: the GC?

The main thing I would look for is cash flow; namely the cap rate with two caveats; 1) It needs to be in at least an OK neighborhood and 2) It should have some sort of "value add" opportunity, say you can raise the rents, or transfer some utilities from the owner to to the tenant, etc.