@William Gogolla I think most investors would agree and advise that if the deal makes sense you should take advantage and proceed.

That neighbor contacted his attorney, who advised him to speak with me first.

I'd like a second opinion on advising on rehab trims vs. value and arriving at an accurate ARV (BRRRR is the strategy I'm using).

They will know his entire financial picture and can advise him of his options.

Is it advisable to invest right now or wait before there is a slight downturn?

I would also advise getting any kind of hands-on experience you can.....offer to help friends with their remodels, take the free classes at Home Depot, volunteer for Habitat, Etc....this is how you really make money in RE (IMO)

Find someone who has some investment/building experience to help advise you.  

Hello everyone,Here’s my situation. I’m looking to cash out refinance my primary residence and use the cash to buy rental properties. I was thinking about buying that properties out right all cash then after seasoning...

Before entering this heavily competitive space, I am in search of advise from anyone willing to expose what they may have done different starting out, or what processes have proven to be a productive source of business.

@Joe Rivera if you are not sure your contract will hold up in WA my best advice would be to seek out a lawyer in the state who can advise you.