You don't indicate what your exit strategy is but using the information you provided (ARV 160k & 30k rehab) if you are wholesaling you'd want to be in the 70s since your end buyer would likely be in the mid-80s; that allows you some room for negotiation. 

This may be a good opportunity for you to start one.That said, there are some other meet ups in Seattle, but with Covid, and now the complete lock down till mid-December, these events will either be canceled or switched online.Feel free to reach out to me if you got any questions.Thanks!

Heading to a friend's place I tripped and fell and in mid air my knee popped and all I could do was scream and pray.

I'd rather have a little cash flow with a shot at massive appreciation in the mid-term.

Insurance and qualifying for a loan can be tricky as well.Picking up a project mid-stream can be a great way to gain equity quickly if the price is right and the buyer is an experienced builder who knows what they're looking at, but definitely not a place for beginners. 

Quick update, after much thought and strategizing, I've decided to move forward with selling the subject property of this post and invest my profits into a small/mid sized RV Park.  

The last time that I visited the area was a few years back but I am planning a trip for mid-December to do more market research. 

I also own a few online stores that make me roughly 20k a year.My credit score is in the mid 700s which i believe is good enough for an FHA financing.

You know I like the idea of a mid range rental that is good quality.

I currently make about 75k a year, however, I anticipate making closer to 140k a year by mid to end of next year (new graduates start low with little experience).