There is also a section that describes foreign income (looks like I'll have a good amount of reading ahead of me), but still nothing requiring the ADS.

This is the "Nonpayment Petition Program"  For the Upstate link scroll down to the section that says "Start"  and click on Landlord non payment rent demand program. 

Hey, since you're broker maybe give us a head's up when you find a great fixer-upper one (if not in Seattle at least close enough).

You’re ahead of most people your age. 

@Hilaree Fraly hello there, I would say go for it, if the numbers make sense go ahead and do it.It sounds like instant equity which you can use to refinance the house and get your $20k back and rent the property.I am also from Michigan, Wyoming to be specific and my previous landlord sold me the house I rented from them.So far it has been one of the best decisions my wife and I have ever made.

Without having seen it, I think I would go ahead and buy that one!

You can also use a site like rentometer which pulls local rents from the area for houses that are already leased, you can then click on these individual properties and see what they are renting for.

I will go ahead and research how to find the status of the owner.

@Stacy Preston As a realtor knowing real estate already I bet you already know tons and are ahead of the game.

To access it, hover on the Bell in the upper right hand corner and click on Inbox.