I understand that cash flow is king and there would be other expenses, but I make enough to cover the mortgage if things go south.

As Martin Luther King said "You don't have to see the whole staircase, just take the first step."

I've been marketing for myself to King and Snohomish counties and have recieved a couple of great leads (I think)... that I may not be capable of buying.

by Robert Kiyosaki*(1) Nothing Down: How to Buy Real Estate With Little or No Money Down by Robert Allen*(1) The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich by David Bach*(1) What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli*(1) The Richest Man Who Ever Lived: King Solomon’s Secrets to Success, Wealth, and Happiness by Steven K.

In my opinion, it is the safest and most logical thing for me to do. i live in Washington state, king county.thanks in advance!

They've helped several of my clients close. http://www.homelandtitleescrow.com/Peggy Ayres at Ayres Title and Settlement also covers Richmond, her office is in King William but I think she travels for closings sometimes.

This way you have a decent cushion if you underestimate on some of your numbers.I would encourage you (as Brian does) to find a GC to work alongside you (unless you are a rehab king).

Cash will soon be king in this market, which unfortunately has not really been the case over the last couple of years.

Here's my objectives:-My long term goal is to own up to 10 rental properties (emphasis on SFR or duplexes/triplexes or quads if I can find them) in the Greater Seattle Area or King County that cash flow and use the remaining cash to pay down the mortgage with some reserves for maintenance. - Greater Seattle area is expensive so i'm willing to go further if it makes sense - I intend to use a property manager and will structure the model accordingly.

@Jason King,Use the search engine at this site for:   Brookview FinancialI'm not in Rhode Island, but I would not pay upfront fees to any Hard Money Lender.When I attend the monthly Reia meeting in Ct., I usually see at least one Hard Money Lender in attendance.Have you Attended the Reia meeting in your area?