Couple thoughts.  

If they are brand new or 2 years old you should have at least 10 years of very little capex  unless they were constructed poorly. 

Everything inside is brand new, walls, kitchen, AC, heating, plumbing etc.

That being said I have a couple more options.Option #1: Do a cash out refinance on the property with $100k (property #1) and I would be left with the $60k needed for purchase but nothing for rehab and I don't have enough cash to handle this so I'd have to rely on 0% interest credit cards, some cash, and maybe some other type of line or credit or loan with a higher interest rate.  

Your ROI is a number close to infinity and you can repeat indefinitely - And YES - there are still deals out there that will work ... one just closed a couple of weeks ago in The Woodlands on MLS at about 70% of value and only needed light rehab - maybe $5,000-$6,000ARV - 177,000Sold - 123,000Rehab - $5,000Total invested - $128,000-$129,00080% refi - $141,000 Rents - $1,500-$1,600 My initial offer was $120,000 - They declined to counter - Now that I see the final sale amount, it irritates me that I was so close but missed the deal  

Looking for any and all advice on getting into real estate in the greater Seattle area I'm brand new at this and have a long way to go till I purchase my first investment however my first I plan on being a duplex or larger multiplex to reside in one of the units while I work towards more property's.

Seller looking to unload a couple of duplexes in mid $140-150K range which puts these in the $70 - $75K range per unit.  

It seems like basic math to me, and if you are trying to help your "client," then you should put their profits above yours, and above your colleague's, and above your brokerage.I have received this runaround from both Windermere & Sotheby's in the past couple weeks and it is extremely frustrating because they have both specifically said they would tell the Seller that they should not trust an offer if it does not go through another realtor.

A brand new house a top your plot will instantly be worth the drama.

I will look more into this in the next couple of days.