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). 

So it is an equity position. they are above common shareholders and there is no debt in the fund (which is very different than a syndication, we are more like a REIT but did not choose a REIT status because of the types of assets we invest in). 2.

@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  . 

I'm really bullish on Clarksville.It's the 5th biggest city in TN, is continuing to grow, has a decent sized university, and has a steady supply of renters due to to it's proximity to fort Campbell. 

(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?

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.

No.. depending on location, your property might have seen some nice appreciation.

Florida (Orlando, Tampa, Jacksonville): No state income tax, and everyone loves the sun, making it great for rentals.