Flips are a bit more difficult in New Orleans due to the extreme amount of competition we have in the city.

My intention is pull some cash out of our market funds and start off by buying a SFH buy and hold property.Absorbing all the information and formulas though it's become pretty obvious to me how difficult it is to meet the 2 (let alone 1) percent rule in the Seattle area.

The outside of the house looks well maintained and cared for, not in obvious distress. perhaps there are foundation issues, but it's block and beam so I'm not entirely sure how difficult that is to fix. it has window units but lists as having central air, possibly it's broken?

My professional career is in transition, so I find myself with a scarce resource: time.

What information would you share with someone considering the career field? 

Look forward to learning a ton from all of you, and getting started on my REI career.

Don't care about your kids or your schooling or your career or your SAHM dedication. 

Nobody can pass the buck, everyone's responsible and accountable, and I'm not overlooking a child that's a nuisance to society and will wreck my asset.It's difficult to enforce tag-along boyfriends/girlfriends, family, 'babysitters' etc. 

It took significantly longer than hoped but doing it only on nights and weekends with full-time job that involves travel made it difficult.

I could do this with a SFR or a multi family unit up to 4 units, and rent out the other 3.It seems very difficult to find a good multi home, as they are all snatched up quickly...So I guess my question is:Are their any legalities associated with this?