I worked exclusively in STVR property management on the island and currently work in long-term property management servicing the West Metro (Minneapolis).

However, there are other loans designed for fixer uppers referred to us hard money loans, bridge loans, or fix and flip loans but whatever you want to call them they're essentially short term, interest only loans with no prepayment penalties designed to finance a higher % of your purchase price and typically all of your renovations not to exceed a certain % of the ARV (typically 75% max). 

I've owned long term, short term and commercial (industrial) properties in the past, but never anything out of Province/State.Thanks so much!

Prepayment penalties- usually 1-5 year terms.

Looking at this property as a long term rental strategy.

While the prices are attractive, I'm concerned with its long term viability.

A 1031 exchange will allow you to sell your building and use the proceeds to invest in a small multi family and/or medium term rentals.

I do generally agree with the sentiment of Austin and the other hosts that fundamentals will always win out in the long run, and this by nature is a long term industry, even the sales side I'm learning.  

In the professional opinions and experiences of the investor community, what place in WA state would you invest in a Long term rental?

A Roth IRA Conversion lets you convert funds, pay taxes upfront, and withdraw contributions tax- and penalty-free after 5 years, offering a longer-term solution.This post does not create a CPA-Client relationship.