Perhaps this agent and vendor are ready to be creative, as 3 years is a long time to carry property with no income.If you have any specific questions about owner financing, feel free to contact me, I've done a number of deals like this on the private market. 

Make sure to follow all legal procedures correctly and keep documentation of all communications and actions taken.In the long term, taking preventive measures from the start can help avoid similar non-payment issues in the future.

A great place to learn more about WA real estate investing and finding deals and connections is our local REIA - https://www.reapsweb.com and checking out some of our Zoom meetings if you can.There's some great pages on Facebook that you can find deals from other investors, and if you're looking for turnkey there's always the MLS (Zillow, Redfin, etc will get you access to those).If you want a specific search setup, reach out and I can get that started based on the criteria you're looking for too.As someone that moved up from CA a few years ago, I was curious why you're looking at WA instead of other long-distance locations?

When it comes to long term debt, lenders need to make sure the loans can be sold on the secondary market after they are originated.

If a primary residence is converted to a long-term rental property, can bonus depreciation still be claimed in the first year?

Why do you think purchase contracts are so long and have such small print?

We specialize in long-term rentals (7-12 month leases) for properties from 1 to 80 units; single-family, duplexes, triplexes, condos, townhomes, and apartment buildings, that's our bread and butter.

To arm you with a little more knowledge, the average 5-year rate of appreciation for Tampa is 9.2%, while the average 5-year rate of appreciation for Orlando is a little lower, at 8.56% That said, Orlando is a tourist hub, so my advice would be if you're looking for something short-term (AirBNB), finding a place in Orlando around the attractions could be the way to go, but if you're looking for a more long-term investment, Tampa may be your best bet.

I once started to sue a local MLS but they changed their position as long as I was clear in the listing that I wasn't the owner of record but had an interest in the property I was selling and they didn't want to open a can of worms.To make it easier I just started getting a specific power of attorney from the owner on title along with a clause in the PA that allowed me rights of access, etc. and the MLS had no problem because it was really no different then say putting a probate property on the MLS

In general, investing in an income-generating property first can potentially provide long-term financial benefits and greater returns.