Both conversations are going to provide you with a better understanding of the need and requirements prior to getting too far down the road with negotiating a purchase agreement with a property owner. 

. $1150/month. 1st month and 1 month security deposit required.

Based on the purchase price and loan circumstances, your lender or real estate agent can tell you an estimate of these expenses.Rehab Costs: To determine the price of the duplex's required repairs and renovations, get quotations from builders or property inspectors.

So I require skin in the game (average is 5% to 15%) to offset this.

I am a relatively new landlord and I’m trying to figure out the requirements if we needed to file a judgement against a tenant for excessive damages to our property.

But I think something can be done if we get creative, but may require a complete move out and new application/lease. 

Maybe, the "Smart Money" was smart because they got their payday when they sold to the individual investors?  

I saw there was a new House Bill that came through last year (2023), and added a new subsection to RCW 59.18.280 which does mention RCW 59.18.260 about the checklist requirement for the security deposit:(4) The requirements with respect to checklists and documentation that are set forth in RCW59.18.260 and this section do not apply to situations in which part or all of a security deposit is withheld by the landlord for reasons unrelated to damages to the premises, fixtures, equipment, appliances, and furnishings, such as for rent or other charges owing.This is the new "exception" (per the title of the RCW59.18.280).

However, similar to understanding the property market, I require assistance when it comes to discovering unfamiliar places.If you are good at investing and also at traveling, please share what you know.

Ex: a sloped lot could require a basement where a flat lot would not.  6.