The DC area has been decently off the 2009 lows.

As a landlord in WA, I have found that WA is not a landlord friendly state.

I've pretty much been looking for passive income my whole life, and this housing crash finally has given me the chance to jump in.My RE experience so far:I first considered buying rental properties in WA in the early 2000's but the numbers never worked out.

With any luck we'll leave w/ a signed contract!!

It would have been useful for me to provide more background, I just didn’t want my post to be a mile long.The condo is in DC.

I live outside of Winchester Va. through my searches i have found many groups for larger areas such as the DC metro area and Norther Va, as well as Richmond.

Also I was informed at meeting last night here in DC Metro Area not to do dry double closings.

I will be moving to Washington, DC within a few months and am willing to partner with an active investor/rehabber and buy the property upon completion.

Thank you Jimmy for the reply...I live in Washington State...and the idea of doing assigned contracts appeals greatly to me as I do not have funds of my own to invest as of yet.

Separately my husband and I carry an "umbrella policy", aside from our primary home and auto insurance.So now that we're adding a rental house to the mix, I'm wondering what our protection strategy should be.I will talk to a lawyer as well (though I'm not certain if I should talk to one locally in WA where I am, or in TN where the rental house is - I suspect WA since that is where the majority of our assets is)..Anyway, I'm thinking the best option for us right now is to increase our umbrella policy, if needed (and of course to obtain adequate landlord insurance on the rental home).