I have a background in single family property management, HOA management, and hospitality. 

Background / Question to the community...owners of  SFH had their home caught on fire several years ago.  

It's the kind of turn-around property I wouldn't touch because I don't have the right background, but it's an example of one that might just be re-purposed and be a good income generator for someone with a real estate and renovating background.

@Walter Key my background is in facilities maintenance, so property management is something I have been looking into. 

Ideal locations are neighborhoods near downtown (Central District/Cap Hill, North Beacon Hill, West Seattle, North Seattle, etc.)My work background is in the project management side of the construction industry.

I am debating on whether to sign leases with the people or go without a lease (other crash pads I have seen do not require a lease, however I am definitely going to do background checks).

Sounds like we have pretty similar backgrounds and goals.

If you dont have a construction background you will find that fixing a house is not as easy as they make it out to be on TV and that every contractor out there will rob you blind if you dont know what stuff should cost.I've always had a pretty hands off management style so like to have "interests aligned" with the people working for me. 

From reading the forums and listening to the BP podcasts, it seems that a background check and credit check are important.  

I am joining in hopes of learning the ins and outs of flipping houses and rental properties before I jump in and try things out in the next few years.My background is in accounting, so I am pretty good with the numbers side.