FHA is often mentioned I think because of it's wider range of applicants, but conventional is often going to be better for the borrower that can qualify for it.

It's a whole different beast.LA is unique in many ways: an extremely constrained inventory, an extremely high gross rent multiplier (GRM) in most submarkets, a rent control ordinance, massive barriers to entry in both cost and permitting.All of these can go under "Pro" and "Con" category depending on how you approach them.

We think this makes sense because of the strong demand in the market currently and very few to no inventory available.

Condo/townhomes are required to pay HOA fees ranging from $200-$500.Any suggestions from experienced investors here on property type and the criteria I should keep in mind when deciding whether to make an offer?

There are some caveats to that which I wont dive into.Second, set you minimum stay on Airbnb to 30 days that way you can airbnb that other end of your duplex legally even if your city does not allow STR's as investment properties.Third, which is my favorite... throw the multiunit idea out the window since there is less inventory on the market and competition can be more difficult.

The market in Snohomish County is very hot at the moment and inventory & interest rates are really low. 

@Josh VanVoorhis I want to also ask if you are looking for properties that are worth that range, but you are willing to do some rehab or are you looking for completely turnkey properties.

I have a solid W-2 Job making around $55,000 including incentives and a credit score in the 760-780 range, I have no debt other than subsidized student loans of $12k in which I won't need to pay interest on until 6 months after I am out of college (over a year from now). 

Last year I raised $50 million in a fund forecasting IRRs in the 12%-14% range.  

Looking for recommendations on gas vs. electric vs coils range.