The Wholesaleing strategy has been one I don't love because most of the Guru's and events that come though town tell every body how easy it is and how they can do it with no money out of pocket.

@John Brees  It's correct that depreciation is required, but yes, if you make over $100k, the deduction starts to get phased out, and phases out completely over $150k. 

Maybe you can contact the regulating body that handles this.

Well, between the two units that works out to 2 bodies per bedroom :)  I know Seattle is crazy expensive to buy as well as rent right now so that doesn't really surprise me. 

When you find exceptional deal; you can do double close using transactional funding and make over $10,000 profit in one deal. 

If it needs a total make over what is the Step by step process on where to start, where should i tackle first and what should be my last project in the home?

A bit of advice:  Just make sure all the shackles, gurneys and formaldehyde-filled jars with unrecognizable body parts are not visible, and all bloodstains have been removed. 

It is still below the bank assessment but $184,100 increase seems a bit excessive considering is not a major city and no improvements had been done, any body familiar with assessments and stuff like this?

Does any body use this program.

One bedrooms typically have higher turnover and that adds costs in makeover, lost rent in transitions, etc.