Here are the specifics on our Seattle house: 5br 4ba 3,400 sq ft, built in 2019, $1.7M est sale price, $5.5K-$6K/mo est rental value, 4.0% mortgage with $3.3K monthly payment, around $1M in equity. 

As mentioned above, they specifically allow this.  

Give them notice that their lease will end and you expect them out by a specific date/time.

Start by formalizing the transition—create a lease agreement and maintain detailed records of rental income and expenses.

Quote from @Chris Shon:Thanks for the detailed response!

@Jemini LeckieIf investing locally is not in the cards I would do some research and pin point a market that fits what you are looking for and then reach out in the forums for that specific market and ask more detailed questions.

Quote from @Steven Catudal: Hi all,My partner and I are looking to buy investment properties in Alabama, specifically Birmingham.

Send me a message if you want to chat in more detail (background is in live in flips, LTR, MTR, and STR).  

Residential investing is not rocket science, knowledge is not the issue: there are many good books out there that walk you through every detail you need to know.

Unless you are going for a specific look, there’s no reason for an expensive toilet.