You're basically saying you want to give this guy $14k to get into this deal.

So, basically, they want the realtor to take the risk and...well...there's a cost to that.

Points charged on loans (% paid up front at closing, basically an origination fee) and interest rate..usually closer to 12% when you're starting out.Payment schedule - most will expect monthly interest only payments, but some will let it accrue and settle up at closing.Minimum loan amounts - if they only loan in amounts of $200k and up, then you're wasting your time shopping for $150k properties.Doc prep charges and other hidden fees (preparing the mortgage and note is a necessity and you'll have to pay for that, but watch out for other hidden fees). 

From my understanding Seattle is basically "Bay Area light" as far as prices go, Tacoma may have some cheaper inventory, but it is a bit farther away and not in as great an area.

Basically that's what @Matt Popilek showing you above.

Basically my bank will take the funds directly from my tenants bank account on the agreed upon date.

I'm basically interested in buying their property but they don't call back.

That one house basically ruined the street with this and all their friends now associated with that house.

Doing the challenge helped ingrain the basics of analyzing properties.At the end of the challenge I started submitting offers on some of the properties that met my criteria.  

Basically it is very likely that I won't be able to buy the same home in a couple of years for today's prices.