I'm not sure how extensive the dry rot is, and how hard-core of a retaining wall you need, but I imagine it'd have to be barely livable for that much needed repair.

I can't imagine any value, any information, any thing that they could tell you to overcome the negatives to your balance sheet and cash flow that come with a thirty-eight thousand dollar hole and ten thousand per year in carrying costs.

In less than a week I managed to listen to at least 20 podcasts and was able to learn way more than I would have imagined given my busy work schedule.Full disclosure - I have never owned a property or been involved in any real estate transactions.

If you spend a little time every day on this site you will learn more info then you could imagine.

Small elevation would be fine I imagine with ramps but my friend's house would need a weird looking ramp!

It's been neglected for years , doesn't drain properly, and since the house has flee I can only imagine what the lawn might have.

The recent podcast with Amanda Han gives LOADS of good advice (as I imagine her new book written with Matthew McFarland does.)

Because imagine if you find a property, get it under contract, purchase it with the intention of tearing it down and building new, you won't be able to do that for about 4-8 months.Is this King County or only seattle?

If you dont bother getting the unit ready for the new tenant, I imagine that is why your current tenants are not so willing to let you upset their lives.

@Ramon HerreraWelcome to the site.You could look into Hard Money Lenders.With your background I imagine flipping some houses would not be to difficult for you.