The goal is delirious wealth, or in the shorter term, a solid income stream of approximately 120k/year, with expected increase in later years.I am new to these forums, but as a college student I was a mover over the summers.

We haven't replaced the roof or the boiler, because they work fine, since we purchased in 2013 but they are on the older side.1) Sell As is and Move2) Develop it as there is 2000sq ft of FAR that we could build and the neighboring property which was the same foot print has already maxed out their FAR and condominiumized and sold 4 condos for about 4m.Not attracted to the condo option but it could be the only way developing the property makes sense.3) Move, Rent out both units and Hold. 4) Move, Rent it out and downsize in another area potentially upstate or a "better" neighborhood in NYCI know this is a very wide open question and alot depends on what we "want" to do.

And who is buying a $500k house and doesn't have money for closing costs or movers so they need to 'borrow' it from their agent (who probably lives in a much cheaper home and makes less money than someone buying $500k home - usually a $120k+ income earner for that size purchase with no kids or $150k+ with a family)

"Bite the first bullet" and arrange for a movers and consider it a tax deduction on that property.By the way, Congratulations on jumping in on RE market and buying the house !.

As for starter tips, I would do a couple things:1) Narrow down target area - pick an area, don't try to invest in the entire Everett-Seattle-Tacoma metropolitan market until you have the systems in place to do so.2) Get familiar - learn rental rates for your target area, learn prices for your area, get a sense for what your options are to cash-flow3) Stay open - One thing you might want to do for your first deal is to pair with an experienced investor and go 50-50 on a project.

@Benito SifuentesIf you have any questions about the Seattle/Tacoma area, send me an email or call anytime.

PM me if interested and I'll connect you.For Meet-Up groups, @Kevin Carbon, @Troy Fisher, and Tiffany Plovie run the Tacoma-Eastside-Seattle area meet-ups; they are great folk and we regularly have 20-60 investors at each of the 3 different monthly meets.Cheers, and good luck!

All this said, you too could be a Serial Mover as I am, and just keep moving into light fixers, stay a year or two, and move on again.  

I am a commercial agent in NYC and by networking relentlessly it allowed me to meet and now deal directly with some of the biggest movers and shakers of commercial real estate investors and developers in New York City. 

You'll at least save on movers if they do it themselves and dumpster fees.