The 20% rule is also not as simple as that.

One simple example of why not to trust the FDA.I am not for more burdensome regulations on landlords and believe landlords should have more freedom in whom they rent too.

But the simple answer is:  If you buy from the MLS, the sales price is likely to be reported.  

It was not done well, there is a hodgepodge of 'handyman/diy" work throughout, and I'm trying to decide if we fix it up right or just make do until we sell in 10-15 years.The two units are ~3bd, 1ba and about 950 SQFT each, with less than ideal layout but otherwise are ok cosmetically, and the property is fairly large and has a nice yard for the area (South Seattle near Light Rail).

Here are some simple steps to complete that:Start with the apartments in the area.

Creating a LLC and quitclaiming is simple.

I was just involved in a transaction where the other side ended up owing us $20k from a relatively simple mistake.

Here in Phoenix that's pretty simple to do, not sure how it works in your market.

Just from a simple conversion about your financial situation, a lender can tell you about how much you'll be able to borrow and how much you'll have to bring to the table as down payment.

I have been investing in notes since 2017 and it's been a pretty simple process.