I chose to venture down the path of a real estate agent because it requires less money to start-up... and it becomes very difficult to qualify for conventional loans without a solid employment or credit history. 

I came across a couple of good deals in SF but both homes had renters on "rent control", quite a tricky situation I'm not willing to get into.

@AdamYou are venturing into the hottest and most competitive niche in multifamily.

Thanks, Mark and Guyoz.This would be my first venture into real estate investing.

You lose the control you have when you are within one hour driving distance

Since the statutory order of a 1031 requires that you sell before you buy, a reverse exchange allows you to control before you sell and then buy what you have under control after you sell.  

They told her that she didn't qualify for my unit, but did for a park owned unit.It is not fun when there are other people with a ton of control over your deal. 

If you have a HUD contract attached to the debt on the property and it's rent restricted, then you have no control over rent increases and in the long term as expenses increase you will be stuck with a negative cash flow situation.

A lot of Chinese buyers have gone to Seattle but Trump makes them nervous (me as well) so I don't think they're as attached to US markets as they are Vancouver and if Seattle implements the same anti-foreign measures as Vancouver I think they would choose Vancouver over Seattle.The capital controls are mainly focused on corporate purchasers and the smaller time players but I'm assured that the really wealthy/connected can still move money out yet flows are lower.

Apparently there are 15.3 Million of them and only 2% is control by large companies.