Purchase price: $72,000 Cash invested: $95,000 Sale price: $140,000 househack double What made you interested in investing in this type of deal?

There is zero income on the property right now because the current owners were using it for personal use and/or letting friends and relatives use the storage units and the metal building (for an auto dealership).  

Wish in one hand and spit in the other...

You can keep it in your name.

Washington state investors, have you done any deals in Yakima?

Like you said, put the proper protections in place but know that you can still lose your money - unless you are in first position.

Quote from @Emory Clayton: From what I can tell, and my personal experience, you will have to lower standards so the Section 8 applicants can qualify.I'm not a fan of Section 8 because they tend to be far more problematic than tenants that pay their own bills.

Keep in mind, most offmarket/distressed deals are traded offmarket before they even hit the auction block. 

Quote from @Galant Ant: Permit delays in NY can derail timelines and budgets for developers and flippers.

My wife and I are investing in the Detroit real estate market for rentals.