Purchasing a house in Bremerton, WA but we live in Nevada.

We're both on board with the idea now - my question is around how to make the purchase and structure the agreement...we both want to go in 50/50 towards a conventional loan and then have it managed by a property manager. 

It kind of depends on what your goals are, but you may be able to start consolidating your properties a little more with like-kind exchanges and/or purchasing larger properties where you could do cost-segregations on.

Purchase price: $575,0005 bed 3 bath house needed a rehab.

Hello BP community,I am an out of state buyer and  recently purchased a rental in San Diego, CA.

Typically a seller can't get out of a purchase contract once they agree to sell, but it's also rare for a court to force a sale if the seller just doesn't show up to closing.

Then you could finish the foreclosure and many times the lender gets the property back because they are willing to bid the most or at least bluff that they are and scare off other bidders depending on how the process works where you are.

For rental real estate purchases, should I be working with a buyer's agent with a strong background in investment real estate?

That is what we have to defend against, that person, and why EVERYONE will have to do this process now, because of "that" person who may use this new environment that way. 

Yes you can buy properties extremely cheap there but the flipside is that once yoI've rehabbed them, recouping your rehab and purchase money will prove difficult because of the low property values .