recessed/sheetrock is a low cost, no brainer improvement that sells.

We "inherit" so many homeowners from the big players who have horror stories (only one booking in 6 months, guests who were allowed to wreck your home with no recourse...the list goes on and on).

If they do not pay on that day I file at the court (NO EXCUSES). 

@Cheryl A Perna- thanks ...the proeprty will need to be a condo as there are no SFRs in the downtown area you mention ...condo market in seattle  is  much softer  than the  SFR market right now ...its a buyers  market with many units for sale ...the price ranges are still high and if you want to try to break even with renting it part time - it may be tough to do   especially  when factoring HOA dues into it  . 

Everything went smooth and the property is performing well so far.

(Actually, it is probably safer to provide no reason.)  

I’ve worked in the RE industry in the past so I’m no stranger to it, though I’m not an agent.My general approach is to 1) get pre-approved on FHA loan and 2) work with an agent to find off-market deals willing to work with FHA process.Open to any advice, but here’s some specific questions:Advice on general approach?

My background is in analytics and have worn a couple of different hats in the space - sales compensation, business performance / reporting, COGS management, and opportunity / risk evaluation and implementation.Real estate investing is the first topic in a long time - maybe ever - in which I've been truly interested in learning more.

@Tricia O'BrienI have met the owner but no experience with the company.

I do not make anything for the recommendation (no affiliate link to share) but I have numerous courses & his is the most comprehensive & up to date that I have seen.