Locally, the lender we prefer to use generally charges 12% APR, 2 points at closing, and loans 65% APR.An added benefit of using hard money is that they loan based on their analysis of the deal.

obviously, me making all these phone calls and driving around looking at all these houses is putting me essentially in the shoes of a wholesaler so I may try and find a couple of other wholesalers out that way to try and maybe get a couple of their buyer's numbers and maybe if I find something that interests whoever then I'll get them in contact.

Were in the process of obtaining a couple consultants or 'mentors' and we are currently looking to go to a REI club meeting.  

In my market typically property management is about 5% ( I actually manage a couple properties now) - with that said should I factor in about half that for other costs?  

We closed a couple months later and sold for $200k, and wow!  

A couple of questions...Do you mind telling me which complex your rentals are in?

I have lived a good chunk of my time in the Seattle areas, but I did a couple jaunts in Spokane and Ferry county.  

I have never rented anything before, so this is my first couple of steps into this, so I may be asking massive amounts of questions about that soon. 

You used to have to get a contract change form to the asset manager along with proof of funds but in the last couple of years the have not been requiring that.

I just joined the sight a couple of days ago and had to look up what house hacking was, and lo and behold, that's how I got started in real estate.