Basically you have to convince the municipality that they are  better off by accepting less money for the property than what is owed.

So basically my question to everyone is do you guys think that I am in over my head buying in a F neighborhood with 11 units, and my first purchase ever?

Electric baseboard can be expensive , but its basically no maintenance 

From my basic knowledge and research on BP, I don’t see Seattle being a good market for rental investing.

The basic data points as I think of them:---What is your gross rental income per booking---What is your cost per welcome basket---What is the increase in chance of a repeat booking, based on the presence of the welcome basket---Secondarily, what is the change in likelihood of a great review, based on presence of welcome basket     If you have a high gross rental income per booking (say average $5k per booking), and you can offer an incredibly high impact welcome basket at a low cost (say the basket costs $20 but includes dates harvested from the date palm trees located on the property), you will likely find this yields huge returns in repeat bookings and reviews.    

You're basically saying you want to give this guy $14k to get into this deal.

So, basically, they want the realtor to take the risk and...well...there's a cost to that.

Points charged on loans (% paid up front at closing, basically an origination fee) and interest rate..usually closer to 12% when you're starting out.Payment schedule - most will expect monthly interest only payments, but some will let it accrue and settle up at closing.Minimum loan amounts - if they only loan in amounts of $200k and up, then you're wasting your time shopping for $150k properties.Doc prep charges and other hidden fees (preparing the mortgage and note is a necessity and you'll have to pay for that, but watch out for other hidden fees). 

From my understanding Seattle is basically "Bay Area light" as far as prices go, Tacoma may have some cheaper inventory, but it is a bit farther away and not in as great an area.

Basically that's what @Matt Popilek showing you above.