Quote from @Ryan Daulton: I can't really say much because the information shared was privy only to myself, but it was 20% cash on cash returns.

This goes back to when the states acted more like individual countries and didn't play well with each other.

If you have the cash to burn for a 2nd home and actually love Seattle go for it.

Cash invested: $80,000 Househack with roommates and airbnb What made you interested in investing in this type of deal?

Cash flow is gonna be tough here.  

They are claiming a projected first year cash return of 8% with an IRR of 16%.

Because you want to scale and build positive cash flow, I would look into the BRRRR strategy. 

Plus location of existing multi's that are "affordable" hurts the cash flow numbers.

I have been investing for 20 plus years in long term rentals and want to purchase my first STR for greater cash flow and appreciation.

That said, I know a few MHP operators that make some pretty tremendous money on the trailers, mostly by renting to people who need to pay in cash and have someone not ask a lot of questions - illegal/undocumented immigrants, transients, probably some criminals for sure, sometimes people (mostly women) hiding from domestic abusers, etc.