For lease option to make any sense the investors need to sell the property to the tenant buyer at an inflated price.

The owner representative (not an agent, just family) seems to not be a fan of this option because he does not understand it.Option 2: If option 1 does not work, or they are unwilling, the offer I see as valid for this property to make sense is about $290K plus taking over the solar loan.

Then, when you have a better grip on the neighborhoods and strategies that make sense, you can buy.

Hello Mike, It is nearly impossible to answer this question without taking a deep dive on the numbers of each but often times in expensive markets like Seattle the cost of construction is so high that it doesn't make sense to tear it down unless you can build something way bigger/nicer.

Continuing pursuing REI the way you have the last 5 years that makes sense, and deploy capital in the right opportunities.

@Van Lam - I think your plan to finish rehab and then rent them out a higher market rents makes sense to do first.

Here is a question i'm wrestling with and would appreciate any advice on: If you plan to invest in an out-of-state market, should you partner with an investing group based in that market... or would it make more sense to simply find the highest-quality mentoring program, regardless of location? 

My vote is invest in other markets where the money makes sense and then take that profit to visit whenever you like. 

I guess an appreciation play would be the only thing that makes sense over here.

Feel free to reach out at any point with any questions, or just to get a sense of how the market is doing overall.