Leave those to the investors who live in the area, unless you want to fill your life with stress and headaches.

Looking to provide independent way of life for myself in "giving homes back their beauty" 

Just networking with real estate investors from all walks of life in these venues will open your mind to everything available, just like the great folks on BP.

Marine contractor in Tacoma...I am guessing American Construction or Orion...Anyways, I read Rich Dad Poor Dad back when I was in the marine industry (shipbuilding sector) and it set me up for some pretty radical changes in life.

Not sure specifically what they classify as cloth wiring, my realtor has done the majority of Communication to the insurance.

I have insurance and require my tenants to have renters insurance.

Then...you become a broker and are responsible for license and insurance fees.  

Life sometimes gets busy and crazy, you should be able to get out if needed with no hard feelings. * Write it all down.

I currently work for a major insurance company.

@Robin Wilk, Zillow values are garbage, ignore.FNMA HomeStyle is a lot like FHA 203k, but with less BS, and no mandatory mortgage insurance.