After a year or two you could move into the first home and live there near family with no tax triggered and the clock beginning on a sec 121 primary residence exclusion where you will get to take part of the sale of that SFR as tax free.  

For the foreclosure case and the case with the previous tenant, he has complained that there "was not proper notification" which is actually because he does not give his address, just a PO Box so the constable and the bank suing him could not find him to serve him (he had to be publicly summoned in the town newspaper three consecutive weeks in a row ordered by the court and they also "defunct" the company we have been paying rent to).

Have you taken into account the $250,000/$500,000 home sale tax exclusion?  

Some foreclosure defense attorneys, and some scammers (not necessarily mutually exclusive) tried to make arguments that using MERS instead of recording and paying fees in the local recorder' office somehow made them less enforcable, absolute total crap.And yeah, one of the main components of the scammers spin on MERS was that they could win quiet title suits against banks that used MERS.  

It takes too long doing exclusively off of cash flow, increase the number of units, and the cash flow you think you are getting is an illusion.Prop#  Cash Buy      CF  100% Equ Mo/Yr       # Yrs to Even    Cash/y1      Cash/y2             Cash/payoff1            $100k            $750/M>>$9,000/y              11.11         - $91k            -$82k          +$8k (year 12/12)2            $100k         $1500/M> $18,000/y                5.11         - $74k            -$56k          +$12k (year 6/18)3            $100k         $2250/M> $27,000/y                3.70         - $59k            -$12k          +$20k (year 4/22)4            $100k         $3,000/M>$36,000/y                2.11         - $44k            -$  8k          +$28k (year 3/25)5            $100k         $3,750/M>$45,000/y                1.60         - $27k           +$18k          +$18k (year 2/27)Prop# Cash Buy        CF 20% Equ Mo/Yr       # Yrs to Even      Cash/y1     Cash/y2            Cash/payoff1           $20k             $350/M>>  $4,200/y              4.75              - $16k         -$11k            +$ 1k (year 5/5)2           $20k             $700/M>    $8,400/y              2.26              - $10k         -$   2k           +$  6k (year 3/8)3           $20k             $1150/M>$12,600/y              1.11              - $  3k       + $11k            +$11k (year 2/10)4           $20k             $1500/M>$21,000/y              0.43             + $12k       + $33k            +$12k (year 1/11)5           $20k             $1850/M>$29,400/y              0.28             + $22k       +$41k             +$22k (year 1/12)At the end of 12 years:A)  No Debt Method:     1 - You are now even (in cash out/in) with a surplus of $8k.       2 - Time =  12 years,     3 - # of properties = 1     4 - Total accumulated profit = $8,000.       5 - If you stopped there, you would then have a positive CF of $9k/year     6 - Total Equity = $100kB) Leveraged Method:     1 - I am now even (in cash out/in) with a surplus of $22k.      2 - Time = 12 years,      3 - # of properties = 5     4 - Total accumulated profit = $22,000.      5 - If stopped there,  would then have a positive CF of $29,400k/year      6 - Total Equity = $100k (5 * $20k) plus any accumulated payoff of the principles on the 5 properties (thank you tenants)

There was actually a front page article in the local news paper a fewish days ago talking about how bad of a shortage there is for apartments here.

The adjusters are going to balk at mold, because of exclusions in the policy.

http://murray.seattle.gov/wp-content/uploads/2017/06/OCR-Fair-Chance-Housing-ORD.pdfCheck section 14.09.110 for exclusions

A one time leasing fee.ONE TIME LEASING FEE: One full month’s rent per new lease; the leasing fee is exclusive of any tenant discounts or rent specials given to the tenant as a rental incentive.Is this normal?  

Or does REI and a family have to be mutually exclusive?