We are individuals managing our rental ourselves.

Does anybody know if it is possible to buy an individual non-performing FHA note from Quicken Loans?

This community is a great place to learn and has many like-minded individuals who have a wealth of knowledge from all walks of Real Estate.Investing within Seattle City limits can be challenging, for the reasons you've mentioned in your post. 

This is a business where ones success is almost totally dependent on the individual.

I guess it all depends on the individual and the property you are insuring. 

No, however it's easier for tax reporting if it's going to be used for 100% business purposes.If mixed use, generally it's better to keep in the name of the individual. 

So Philly is a city composed of individual micro markets that vary from neighborhood to neighborhood.

The one that is difficult to tell because of each individual tax situation is depreciation. 

You can do this as a private individual from your personal page but I think a business page is better just to keep your personal life separated.I advertise rentals all the time on facebook and it generates a lot of traffic for me.

@Zachary Pinkston I don’t know about that, it would be nice to get those as a triplex but I believe since they all have their own individual taxes on it they are considered each asingle family, unless he can find a way to get them reclassified as a triplex/multi-unit, I don’t see it.