Also the interesting thing about Spokane, and one of the reasons I'm considering investing there, is that the vacancy rates are extremely low.

@Alexander Zurn this was extremely helpful.

i think starting your own meetmup is the best way to go because you can also specify who is allowed to join the meet up.If they want to join your meet up they must satisfy this criteriaI.e.  

It works for me because I am extremely disciplined.

Such room shall not contain laundry facilities, a water heater or a wetbar-type sink.C.The rented room shall not contain an independent exterior entrance.D.The rented room may not be detached from the principal dwelling unit.E.Not more than two (2) rooms shall be rented in a single dwelling unit.Regarding these laws, I would satisfy all of them, the only thing is section E, only 2 rooms shall be rented in a single dwelling.

Any other advice you may have would be extremely helpful!

Structuring the deal correctly is extremely important. 

Upon the sale, then at that point, I would satisfy his note which he was ok with.

@Chase Webster for a first time deal getting it closed and up and running in 1 month, especially considering repairs is extremely optimistic.

To me it looks like you've done extremely well and have increased your net worth very significantly.