This is assuming that an individual is planning for Financial Freedom...vs "dominating the market" or shaming ones peers where ego is the actual value at hand.  

Unlimited guarantees, also called Non-Recourse, means that the bank can go after each individual for as much as they can get in order to be made whole as quickly as possible.

ah okay that sounds great, do syndicates mostly focus on wholesaling projects or are they more for individual funding purposes?

@Andrew Terrell Yes I'm very comfortable and familiar with the neighborhood, I have a friend and a few family members who live a few blocks away so this would be pretty convenient for visiting them.

We are individuals managing our rental ourselves.

Does anybody know if it is possible to buy an individual non-performing FHA note from Quicken Loans?

Louis, on one street I wouldn't buy under a 10 cap. 4 blocks over I would justify a 6.5 cap purchase.

This community is a great place to learn and has many like-minded individuals who have a wealth of knowledge from all walks of Real Estate.Investing within Seattle City limits can be challenging, for the reasons you've mentioned in your post. 

This is a business where ones success is almost totally dependent on the individual.

I guess it all depends on the individual and the property you are insuring.