Bought it as a safe bet thinking it would do roughly $35k annually in short term rents.

Definitely not clueless just watching the game from the sidelines.

Very short seasoning period.

I already have land holdings near Everett that will certify out at 304 salable density bonus credits.To play this game, I get certified and then "clip off" the transferable development rights for sale to urban developers in the county, who can cash them in for an increase in dwelling unit density from an original 22 units/acre to 58 units, and building heights from 45' to 75'.

It's a long game, not a sprint. 

@Marc Shin, Soundproofing is definitely something worth tackling for a short-term rental—it’ll keep your guests happy and help you avoid complaints.

We are now doing short term rentals but we're thinking about changing to a small wedding venue. 

If the house is under water with the OCWEN mortgage, then approach the mortgage holder about a short sale. 

Outside of real estate, I’m a huge sports fan, so you can usually find me glued to almost every game on the weekends.My interest in real estate began as I explored different ways to generate passive income, which ultimately led me to the BiggerPockets community.

In short it's this: Seller is facing foreclosure nightmare.