Sure, Rapture sounds like a great idea.

Thanks, sounds great, I'll ping you

This may sound like an ignorant question but - how does anyone make any money in development?  

I have excellent credit but I want to make a sound choice.

Sounds like it isn't.Call another Title Company and explain the situation.  

Here are the numbers:ACQUISITION (for purchase price, closing costs, lender costs, escrow costs): $434kREHAB (LABOR + MATERIALS): $102kREHAB TIME: 10 WEEKSHOLDING COSTS (MORTGAGE, STAGING): $16KSALE PRICE: $660KCLOSING FEES (Escrow, Taxes, Commissions): $58kPROFIT: $50KPURCHASED: MAY 2, 2017; SOLD SEPT 1, 20172.

You may not need the reserves in the first few years but you should expect to pay about $1500 per year of tenancy when you go to turn the property.That sounds like a good deal to me.

I have two property management referrals for you, depending on what style of management you're looking for:Real Property Management North Puget Sound - Larger company that is part of a franchise.

I am mostly looking in South King County in the Renton/Kent area, but if you know any in the Puget sound area I would eager to make a call!

If the tenant is on lease still (which it sounds like he is not?)