I don't love taking HELOCS to burn, but if you have 500k in equity, you can safely use up to 250k to buy another property and probably get one that cash flows well by not living there.

This is driving up prices for everything.

I'd like to keep my properties within a 30 minute drive from my South Everett residence.A fun fact about me outside of real estate: I love distance running and cycling.

Excellent insight showing just how ridiculous this “don’t need capital, just drive for dollars” nonsense is. 

I also don't mind driving to Jersey if it makes sense 

If you do go out of state start with a location that you can drive to or fly to and from in one day, maybe AZ or NV. 

Pictures in case helpful: https://drive.google.com/drive/folders/17QCEJmkm4IptwZTC7amR...If your return-on-investment numbers are that tight you shouldn’t be in the house. 

I definitely don't make any money off the place, but the airbnb rentals pay for maintenance and my gas driving to and from WA :-) Question: Have any of you missed some either obvious or not so obvious red flags that would have caused you to negotiate or walk away from the deal and if so what were they?

Drive to Silicon Valley ( two hours driving a day ) , work till 7:00 or so, go home and crash. 

This limited inventory will likely continue to drive prices upward.Sales - Median $/SF by MonthThe $/SF increased slightly MoM, bucking the seasonal trend.