They promise to work with you past 6 months or until 3 deals are closed (which you split 50/50) whichever is earlier as long as you do 1,000 mailers per week and attend at least 1 live office hour per week but the 6 months is implied to close 3 deals based on their marketing and conversations. 

Could it work as a rental in those areas sure probably could if the numbers worked out, but your tenant base is not going to be the same as say Spanos area ,Stonewood ,Caldwell some areas around Lincoln, Brookside.

Real estate generates a return through cash flow + appreciation.It appears that cash flow is negativeAppreciation appears to be 0% over 2-3 years based on zillowThe question is what you beleive the future will hold for cash-flow and appreciation.Cash-flow will likely continue to be negativeThe question is what do you think about the appreciation for the bay area.If the property continues to stay at $850,000, it will likely not be a good decision to hold on to the property.If you think the property can appreciate to $900,000, $950,000 over a few years, then it can potentially be a good reason to hold. 

@Bill RiderTalk to your cpa but the answer appears to be no based on what you provided

Having trouble getting approved when property is on a barrier island close to water ?

I've wholesaled 30+ deals in Texas, even though I'm based in Southern California. 

The government pays a portion of the rent directly to the landlord, while the tenant pays the remaining amount based on their income.Get your property approved: Before you can rent to a Section 8 tenant, your property must meet certain housing quality standards (HQS) set by the Department of Housing and Urban Development (HUD).

After going through that book and the notes, you'll be 90% smarter than most investors in your area.Next, make a spreadsheet with a list of problems you could face, then rank them based on which ones you are most likely to face next.

You don't want to buy something based on our online advice and get stuck.Personally I am not sure you would profitable in Seattle.

Based on a cursory reading we might be able to help finance this project for you.