Just playing devil's advocate and I'm a fan of living as close to work as humanly possible so you can bike/ walk. 

With proximity to the Freeway, University Of Washington - Tacoma, and Downtown (which has over $1Bn of projects permitted for the next 5 years - including a Grocery Anchored Retail center) If you can find a value add play in Hilltop I wouldn't sleep on it.

Clarksville area seems to be great for longer-term plays right now just because you can acquire for so cheap, but for the flips you may want to consider moving closer to the city. 

Obviously run the numbers on the whole package and each individually, but sliding the purchase prices around on a few to play with LTV on financed properties would let you stretch your capital and pre-approved amount further.

I have been pivoting from value to cash flow plays (while always adding value).If we are not selling properties, it is the same as buying them at today's prices (excluding the impact of mortgage rate changes). 

From my prospective, economy of scale plays a huge role in my decision making and hence I chose commercial real estate (for example, multifamily versus single family).

Maybe if you had some kind of value ad play... but buying brand new and hoping values and rents go up in the Bay Area seems like a bad strategy to me.

@Travis Henry being that the new construction prepped the units with W/D connections (H&C water supply, waste, vent, exhaust and power) it makes sense to include the equipment...higher rents, tenant convenience, etc. as mentioned above.Regarding the domestic water on a "Master" meter, what does that mean...1 meter for the quad? 

Truly it was more of an appeal to the power of intention/positive thinking than anything else, but you make a great point!

In my understanding, the barrier to entry in the NYC market is so high and the market itself is mostly an appreciation play, making young people like me who just started out without much experience and capital almost unable to participate.