I cannot find out whether the loan is actually going to be defaulted on.The customer service is horrible so my advice - STAY AWAYFinally, my email to them is marked SOLVED as if to say that they adequately and fairly answered my questionI am just glad that I limited myself to the one small investment

Read the Beginners Guide to Real Estate Investing.Join a local real estate investors association.Good luck and let me know if I can be of assistance. 

We stayed on budget and all parties received a decent return.

@Valerie Rogers I selfishly wish you would have stayed with them.

I don't lend in the state of Washington but PM me so that I can guide you through the process.  

Another useful thing for me would be a CRM that integrates with email/calendar and such to stay on top of communication and deadlines.

I'm paying extra on mine currently, but only because I have PMI (loan acquired in 2012) that will drop off in November and stay fixed at 3.5% where I will stop paying it down & dump more into my down payment account & get better COC returns. 3.5, even 4% is cheap money!

This is possible for me, but it would have to be multiple gifts by separate family members to stay under the tax amount.

I visit my out-of-state properties twice a year and it's more than $2.5K when you look at plane tickets, hotel stays, car rental, etc. not to mention there is added risk when you can't drive by your property from time-to-time.

As an out of state investor that can't be hands on, I recommend staying away from lower end areas.