If you rent for more than $750 cash flow is higher. 28 houses paid for with a minimum rent of $750 & netting $500 is $14,000 a month.You're basically creating your own closed end fund that all of the Wall Street funds use to buy so many houses with their investor's money. 

Such a simple concept so many fail to do.

If you go for apartments, that's a way to make cash flow here.You basically need to find someone that is familiar with the booming markets and cities here, find someone that you can trust your investment.Nick

I’m basically trying to find out if there is a cheaper version of a hard money loan, which in this example would cost me $8500 ($3500 at closing plus $5000 of interest assuming I refi out after 6 months).  

NO Booze  just coffee and soft drinks but of course designer coffee we are in the Pac NW after all.it was a HUGE turn out over flowed the office LOL.but I did do it with another person.. he helped cordinate etc.. and I invited a few people that he thought were direct competitors of his and the next day this kid calls me and basically chews me out.. .. that was the end of that relationship and the last time i go to any meet up other than if I am invited to speak as a guest speaker..

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.