Ballard, Fremont, Georgetown, and South Park have become popular areas of Seattle. 

Absentee Owners have been popular for a long time, and are apparently still somewhat effective (people are still mailing to them) but they are getting multiple offers to buy their home.

To be frank, he's about 7 years late to be able to find deals like that - look further out, call on non listed properties, out of state owners, ...it's work - if this is his first deal I feel confident he'll run you around and over analyze, especially if he's going "all in" with his available funds.

Absentee Owners have been popular for a long time, and are apparently still somewhat effective (people are still mailing to them) but they are getting multiple offers to buy their home.

I am currently analyzing a rental property in Ball Ground, GA.

Absentee Owners have been popular for a long time, and are apparently still somewhat effective (people are still mailing to them) but they are getting multiple offers to buy their home.

Went out and looked at a property yesterday in a richie rich area. House is currently a 2bd 1 bath two story house. It's currently a rental @2200/mo which is lower than the average of $2800 per month. I am looking to ...

I typically analyze properties in the $250k to 400k range and want $25k to $30k as profit. 

Go on some buying tours and learn how other investors analyze properties. 

I have analyzed multiple deals, looked at what comps sold for in the area and what current rents are in the market.