Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $627,500

Cash invested: $6,000

Purchased newer 4 plex build in 2012 with higher end finishes with rents belo...

We have 6 apartments in Puyallup, WA (Pierce County) and would appreciate hearing any recommendations (or those to stay away from) from those that have worked with PMs in this area. 

I grew up in Federal Way, WA and work in the Bellevue/Seattle area.

Greetings All,I'm a New Investor to Real Estate in the Washington D.C area. 

I'd double check w/a lawyer than I can evict for this even if they are current. 

My wife and I are currently looking into the west coast Washington or Oregon with hopes in finding a multifamily and house hacking there.

@Joshua Costa it’s not clear what your question is, but I’m assuming you’re asking if there’s a way to buy another property with FHA sooner, despite what your mortgage guy said.Since it’s a Federal program (FHA), the fact that it’s in R.I. doesn’t affect anything.I think you could/should ask the question of another mortgage person but I’d be prepared for the answer to be the same.I also always recommend building relationships with local banks and credit unions who hold onto their loans (portfolio lenders), like Pawtucket Credit Union, Navigant, Washington Trust, Coastway (now Harbor One) etc.Often down payment requirements are a little higher, but not always, and you get a lot more variation/flexibility because they set their own terms for the loans - they’re not reselling them on the secondary market so the loans don’t have to fit into a rigid box (be “conforming” in mortgage-speak).I think it’s worth exploring, especially to start building long term banking relationships which will help when you buy more properties, but you may still find FHA is the best deal - it’s hard to compete with the Federal government :)I did a little research and it seems you’re mortgage person might be right, but I still think you will learn a lot from checking with another source and especially meeting local lenders.

It's easier to be forgiving and understanding of mistakes than of malice.Current situation w/ a lender: I've switched lenders on the property I'm currently buying, because someone else came and gave me far more competitive terms after I got the property under contract.

I live in Vancouver, WA

In my area (Western WA) there are always people looking for free or reduced rent in return for home improvements, remodeling and/or handyman work.Finally, after you've successfully used, rented, and managed the property for long enough, you would be entitled to petition your local court for title to it under the Ohio adverse possession statute.