I love lonnie dealers and will let them run wild... no problem.

Both are viable options but are wildly different plays!

The Puget Sound Business Journal just today published the latest home and condo prices and trends for the Puget Sound region of King, Snohomish, Pierce and Kitsap counties: http://www.bizjournals.com/seattle/blog/2016/02/ne...In summary: (Due to a seriously constrained supply of homes for sale, down 31% year over year) "If you're planning to buy a house in Seattle this year, buckle up because it's going to be a wild ride." 

Seems like the Wild West when it comes to underwriting, but my hunch is there is profit waiting for you on the other side if you persist.I’m sure this will evolve over time as more municipalities ban STRs and operators convert them to MTRs.

Other investors take wildly risky investments, in startups, stocks, real estate developments, because they promise incredible returns.

Guys like Al Gore have gotten wildly rich while espousing this tripe.

When we acquired the building there were mushrooms and plants growing down from the ceiling that had roots planted on the roof.

I'm going to take a wild guess here and say you're relatively green in this business.

It's a wild ride and one that is best prepared for with some dramamine 

Some may be spot on and others can be wildly wrong.Use it to analyze a market, then do your own research for individual homes.