What are the pros/cons of the following:Owners home: FMV $200k, owes $130k, house is in decent shape.Owner loses job, can't afford to stay, going into foreclosure.I buy the house from him at what he owes and allow them to stay for 1 year NO CHARGE to them.13th month, the rent begins at $1k (FMV) per month.

The truth is they all will not be able to afford the same type of place.

Hi Tracey,I took the 3 day seminar last month and it is a good program if you can afford the 20K AND have money in reserve to bank roll your RE deals.

It seems that most of the options for multi-family residences in and around Seattle are not affordable for me, so I’m trying to understand what my options are and if I should consider out-of-state or areas in WA far from Seattle (or in Oregon).

Again I don't hop on BP to crusade against realtors as greedy pigs who sold houses for more than they knew they were worth to people they knew couldn't afford it just so they could make commissions, those scumbags...

Now they sell one license to 30 so it has become very affordable for end users. 

@Frank Ponticelli Frank Ponticelli is a good attorney in the city that works with investors all the time and has a good contact with an affordable title company.  

1.AHH I see,it was so obvious that I missed it.2.I keep seeing that its considered unlicensed brokering/frowned upon and some have been called out on it,thats why I wasnt sure if it was even legal.3.Too late,I already own and live in a sfr(though your way was originally the plan,we were discouraged by lack of affordable,decent sized multies in my area and eventually bought a sfr)I kick myself EVERYDAY about that and its been since 2008!

Decreased Housing Supply Continues to Lessen Affordability: Zillow by Jacob Passy MAR 27, 2015 4:22pm ET Housing affordability has shrunk as the issuing of new housing permits has failed to keep pace with population growth in cities across the country, according to research from Zillow.The cities that have maintained affordability the best are those that have either experienced low rates of population growth or have kept in step with that growth by building more housing units, according to the report published March 27 by Zillowmore....http://www.nationalmortgagenews.com/news/originati...

@Anastasia WardOnce sellers start getting the idea that you can AFFORD $200k, they will hound you (charmingly and sweetly), until they relieve you of all that cash that's burning a hole in your pocket!