Think I can get it for ~350k, ARV around 480-500k, possibly more if the market stays this hot or gets hotter, which is very likely in south king county WA with zero inventory.

While our prices are still behind Denver they are skyrocketing up as we continue to sell more homes than what's on the market making the inventory shrink for 8 straight months.

@Grant Griffiths The rental inventory in the western suburbs is very low and very competitive.

Hi @Michael Johnson this is a great question and I think it comes down to inventory and opportunity cost.

There’s no inventory and everything is selling for 20% more than it was three months ago.

As the market shifts, and if inventory is ever low, you could sell and move on to the next deal!

The inventory is SO low you may be able to make enough profit to make it worth the tax bill.

there is not much inventory that stays on the market more than a few days.Get a great Real Estate agent ( full time).   

B) I have heard from some of you to hold for a few months as inventory is likely going to start opening up due to foreclosures/shortsales, gov restrictions on evictions, etc. 

. :)  In our area its very low rates and lack of inventory  however our buyers are about 50% empty nesters and if not paying cash are putting huge downstrokes so not totally interest rate driven..