should we find the investors first, get their property criteria, and then look for the property that fits that criteria, or do our own evaluations and then find investors that like our selections, or a combination of both?.....

I think it's a combination of all of those things that help.Something you might try is to go to a site like Credit Karma where they have a Credit Score Simulator that will allow you to pick from a variety of possible options (i.e. close an account, open an account, increase or decrease your balances or credit limits, etc) and see how the changes might affect your overall credit score. 

@Senad Salihovic Interest rate is a combination of your Loan size, Credit Score, Loan LTV, DTI, Source of income (to list a few main pieces). 

But, that combination isn't going to work much longer either.

Offering and getting the property at ~$560k (possible, if unlikely), combined with getting rents up to market value, gets it extremely close to cash flow neutral (which looks like a lofty goal in Seattle - this 'deal' is par for the course for the other 5 recent sales I've analyzed in a similar way).Anything seem glaringly out of place with the numbers?

We both have descent credit scores (above 750 Fico), nominal amount of debt, have a combined income of $125K (I earn 80K, she earns 45K) and would like to get some feedback to determine the best approach when applying for a second mortgage.

Was her death reported?

I'm still looking in multiple markets;  haven't closed on those properties yet, trying to find the best combination of cash flow and SOME kind of growth in a market.  

I was told a combination of financial education, great systems, technology, and tools are the keys to succeeding in investing.

The current owner said water/sewer were $1200/year combined.