The government pays a portion of the rent directly to the landlord, while the tenant pays the remaining amount based on their income.Get your property approved: Before you can rent to a Section 8 tenant, your property must meet certain housing quality standards (HQS) set by the Department of Housing and Urban Development (HUD).

After going through that book and the notes, you'll be 90% smarter than most investors in your area.Next, make a spreadsheet with a list of problems you could face, then rank them based on which ones you are most likely to face next.

A pro is that just surrounded by five bases which helps stabilize the economy. 

You don't want to buy something based on our online advice and get stuck.Personally I am not sure you would profitable in Seattle.

Calculating the depreciation base, typically guided by a CPA, is the primary complexity.Except figuring out the depreciation base to use (what amount from the total acquisition cost goes for land and can’t be depreciated, and how much goes for the building/improvements to be used in the segregation and depreciation calculations, and even that should be an easy answer to figure out or get from your CPA), the rest is simple stuff your CPA will not know anyway (thus him sending you the “survey”) like, the sqft of the house, the length of the fence and if wood/iron/brick, how many ceiling fans in the house, how many cars garage, if carpet or tile in what room, etc.

Based on a cursory reading we might be able to help finance this project for you.

I will say the until that hadn't paid did end up doing so, but that concern would be there for awhile based on how he started off. 

They do not do asset based lending for LLC's.

I'm a fan of Erie for P&C but more important than carrier selection please find an agent that can represent you and build a relationship with them.  

My initial thoughts would be to secure a construction loan for the total rehab amount based on the entire property's ARV.