If they decide to move out you can do the remodel. 3) are the tenants in any kind of financial situation to buy the property?

I would suggest looking for some local meetups so that you can get specific information about what is working for investors in the Spokane market. 

:)  We love defaulted note investing - you own nothing but are in control and can exit through the property or the borrower. if you do take a property back you can sell it outright, seller finance it, rent it or BRRR it.

House hacking can reduce living expenses but may limit roommates or share space.

Podcasts, books, and forums like BiggerPockets were invaluable, and when the right deal came along, I leaped and you can too!

For those that rely on traditional methods and personal experience, I can understand this perspective.

If you are looking at 4plex you can enter that project with as little as 5% down if you buy it as a primary meaning you will live in one of the units.

Most of the time, you can purchase a property with tenants already in place, but the leases often need to expire within a certain timeframe—usually around three months—so you can establish owner occupancy.

I am an Intel IT Manager and life can be a bit busy sometimes. :)  I hope to retire in a year and 2 months. 

To expand, @Ben Whittington, Dennis Doss and Anthony Geraci’s firms can prepare a customized set of loan docs for you in any state.