Purchase the note, set up w a servicer, make sure your asset is insured/protected and then let the note 'season' w the servicer for 90+ days to document a history that monthly statements and CFPB compliant late notices were sent and any correspondence is documented.   

I know WA is a little tough for cash-flow, so you wouldn't want to house-hack into something that won't even cash flow (now or later if you end up renting out your unit).For more general considerations based on your initial question--buy a house for yourself or an investment property--check out-https://www.biggerpockets.com/renewsblog/2014/01/1...But even if an investment property, you'd still want to double-check all of the numbers.

SO I am thinking no way.. loan can't just go away.. ( Washington state) house and 1 acre been hammered by tweakers but still work 130 to 150k as is.. 275k to 300k after rehab. 

Hi Looking for contractor with expeience on rehabbing older houses in the Seattle area.ThanksAndy

Good afternoon everyone,I'm working on obtaining my real estate license in Washington state and was hoping for some advice about getting started.

We haven't looked at the property to view any damages and what the rehab cost will be.Many, not all, contracts on foreclosed homes have a due diligence clause that allows you 5 days to inspect the property along w/ a 5 or 10 day legal review.  

In the State of Washington a court appointed guardian qualifies as a Fiduciary Seller which exempts us from providing a seller disclosure statement, like REO.Never a dull moment as every case is completely unique!  

.$50k spread over three 401k accounts.Excellent credit.FHA loan on your primary (and only) house in Washington DC, with $200k in equity.The goal is to generate an additional $1,500 post-tax income by the end of 6 months.Thanks so much for playing!

Hello everyone,I'm working on obtaining my real estate license in Washington state and was hoping for some advice about getting started.

*********************************************B) 3 Duplexes - two story, 1990's construction with roofs less than 2 years old, HVACs less than 5 years old,, each side is a 1000 square feet 2 bedroom, 1.5 bath unit - $345,000 (or $115,000 each).