I have stayed profitable, for now.

They’re such great tenants, they made us happy, and I wanted to keep them happy, so rent just stayed the same.

If I am all in on the property for 360k (purchase and some finishing construction as well as carry costs) and the home is valued at 450k or more (based on what im told by agents as well as my own analysis while staying conservative), that is 20%+ equity I believe, unless I am missing something.

I prefer to stay further from the coast and hopefully further from major storm/flooding events (potentially lower insurance costs).  

I'm an investor and mortgage broker and have options for loans that go as low as $75,000 and down payments as low as 15%, which makes it easier to stay above $75,000.

Then you can rent in Seattle for 1 year or 2 to make sure you want to be there for a while and decide what area you want to live in and eventually buy something there if you decide you will stay. 

I don't know why this comparison would be any different or would draw controversy compared to other comparisons. 

The property we'll be managing in Spring Valley is part of an HOA and requires 60 day minimum stays.

@Nathan Harden- agree about OH ....I went to school at Miami U and lived in columbus area for a few yrs  ...many friends that still live there ......I live in Seattle proper ( near  Magnusson Park ...also  own  2  properties in Mason County ......father in law lives on  close to 10 acres close to downtwon Medina so we will be dealing with  figuring out the  best thing to do with this  as he gets  older ( he is  83 now) ...stay in touch

I would strongly urge owners to stay away.