That said, long-term the appreciation you get in the Puget Sound region is superior to many other markets, so assuming you find an excellent property management company that is able to screen tenants and only put in very well qualified, vetted occupants and you experience limited issues over the holding period, you'd likely come out ahead retaining the Mill Creek property if your financially able to do so and still buy wherever you are headed out of state.

@Matt Wells   The first question is WHY can you not qualify for a conventional loan? 

I am looking into that area as well because my son is moving there and I would like to have my own place to stay when I am there, especially if I get grandchildren any time soon.

In the process, I would either lose this potential tenant and yet would have gone thru the process esp. when I wanted to avoid getting engaged with the city Like someone's comment elsewhere - the tenants who come thru this program are not well earning, so what is the probability they will 1) stay longer& not have to be evicted and or 2) the payments in time/ partial 3) will they trash the place

Yes, that's how I look at it (but quarterly as well as annually since we have such a seasonal market, I like to look at same quarter over quarter).  

@Bob Gruenig Yes I agree with @Chris Tracy that you should be talking to an SEC attorney. https://www.crowdfundinglawyers.net/ or https://syndicationattorneys.com/*You will need a real estate attorney as well but these people above will help guide you better.

The problem is there isn't enough information and everyone uses different metrics to determine a "deal."1) What's the condition?

Hopefully someone from the area can chime in but shopping quotes from reputable and well rated or referred PMs will illustrate a better picture for you.

.- Team: Other agents/brokers, lenders, title, attorney, contractors, inspectors, etc.- Experience in specific areas and with different property types.- Process for analyzing/screening potential deals.- Anything else that is relevant to the individual.

They’re “interested” if they can get well above market value.