Can you cover all these repairs and holding costs for a long time?

Renting in Seattle has its challenges, as Henry is oft to tell you, but you can be successful if you state your criteria clearly and hold your applications to the criteria. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

With our lenders, if the borrower refi's or sells the home they get refunded the remaining balance that the seller paid for the temporary buydown, since the lender holds it in their own escrow account.Its a dollar for dollar subsidy basically, seller funded to help the borrower the first couple years in the loan.  

Does the basis remain in place since the seller would presumably hold the title until the payments are complete?

i would be purchasing the property with an FHA loan. and im also looking for solid cashflow + long term holding 

I would also recommend that they have sufficient 'skin in the game' IE additional down payment above and beyond just having lived there a while. 

Given I’m brand new I’m hesitant to go long distance because contractors could take advantage of you more because you aren’t there to hold anyone accountable.  

I’ve bought 10 buy n hold SFR in the last year that cash flow.

I invest in fix n flip and buy & hold in NE Jackson.Any where between wholefoods and the Starbucks on county line rd you can’t go wrong.