Hello Mike, It is nearly impossible to answer this question without taking a deep dive on the numbers of each but often times in expensive markets like Seattle the cost of construction is so high that it doesn't make sense to tear it down unless you can build something way bigger/nicer.

Now that is a very high level example but the appreciation is not gone if that makes sense you will capture the ballpark same appreciation if the properties are comparable.  

That makes sense from a buyer and renters perspective.

Only the first can be corrected, but us making a mistake and getting anything less than 5 star review is stricly unacceptable in my eyes and my team also has a strong sense of ownership in their position and loyalty to my company.   

It's not for me and I'll have a decent amount of cash to work around from allow me not to do that but for most people it makes complete sense.

It may make the most sense to focus on home 1 and then leverage the funds from that sale to complete house number 2 and purchase more projects. 

(We have other fix-and-flip programs we can close in 3 days or less.)My take is that for very small loans, a HELOC may make sense, because we do charge small origination and service fees.

We are somewhat handy and would not mind fixing up the house while living in it.It doesn't matter where you find it as long as the numbers make sense.

Pick a screening platform/application that makes sense for you.As for meeting the applicants, I recommend meeting them at the property to show the place to them rather than getting coffee or food with them.

Does it make more sense to buy commercial lot instead?