(Best long term option)Assuming you have a rainy day fund already in place other options: put the house under agreement, find a partner who has the cash.buy it with a private money loan and do a cash out reficombine other properties in your portfolio to open a LOC and use that for the down payment (least favorite)Pass and find other ways to increase your income and cash on hand that doesn't involve borrowing more money.

And @Russell Brazil had my favorite quote on this topic recently (paraphrasing) “if you don’t buy in the good times, how do you think you’ll buy in the bad times?”

He told me (with a big smile and a twinkle in his eye) that his favorite investment type was NNN commercial property because he doesn't do anything except collect the check every month from the mailbox.

“Learn by Doing” one of my favorite slogans...sorry don’t know as much bout Seattle other than it’s a great city as well and I’m siren UW is amazing as well and I’m sure you wouldn’t succeed there’s as well! 

Hey @Shawn WardLike @Julie McCoy said, one of my favorite things about Mammoth for STRs is that we stay just as busy all summer as we do in the winter.1.

I've looked at Quickbooks and Stessa and wondering if anyone has a favorite expense tracking software.  

This is my favorite part!

Alternately, you can go online.My favorite site for all things mortgage is The Mortgage Professor.

What was everyone else's favorite take away?

Check out my personal favorite, Set For Life by @Scott Trench , or The Total Money Makeover by Dave Ramsey. 3.