My thoughts are you seem extremely cheap.

We live in an extremely litigious society where people feel it is their right to go to court over stupid reasons, especially when the lawyers are free...

I am extremely green to the real estate investing world and listening to some of the podcasts have inspired me to start my journey.

You can send 10,000 postcards with a poorly screened list and a badly crafted message and be very disappointed.  

I'm extremely concerned about the shared well.

You can either look for extremely distressed properties if you have the funds and team to do major rehabs (what I did), or you can find a motivated seller who is willing to sell under market value.

That would make a payment extremely high each month so did you mean balloon?  

I spoke with a contractor today and it seems it is extremely easy to become a contractor in the state of PA. 

The problem I have though is that I can only put 3% down on my first home and after talking to a few underwriters It sounds like it would be extremely difficult to get approved for another loan within a year.

I am leaning towards Denver as Seattle seems extremely expensive for a young professional trying to get into REI.