But yours may be an area tied to issues like oil prices, so the holding period could be through a few cycles (think decade(s)).... 

This move was discovered accidentally and the comment period had only a few days left when the groups mentioned above had to frantically push other things aside to get the comments in within the commentary period. 

sounds like you are like most and need a local mentor who assists you and gets paid as a JV to your deals for x period of time.  

We've all been so busy replying that we forgot to extend a hearty welcome, so welcome to BP @Brad Ratushny!

But what I'm struggling to understand is, once I find investors, how do I manage to pay them back, plus interest, in a relatively short time period?

@Andy Gross Also depending what type of property you invest, you could offset a higher than average vacancy rate by offering short term rental periods a la an airbnb business model when you want a higher ROI in the short term.  

My partner and I are coming to Seattle thus Thursday till Saturday and wanted to extend an invitation to anyone who might consider out of state investing and would like to meet up? 

It only guarantees the property free on any liens or claims during the time period in which the seller owned it.  

The only thing I haven't seen people point out so far is whether his mess extends outside the unit.  

Thank you for contacting me and reaching out to discuss the note.I asked the bank to pull a new title search just to make sure that they haven't gotten a 2nd lien recently.And, yes there is an assignment of rents that has been filed but the banker explained that she is not certain whether or not it is being enforced.Taxes are owed from 2012 through the current tax period totaling $25,031.62Note purchase price is 100-120.Outstanding Loan amount - As of Aug 6th 2015 137,935.198 plus accrued but unpaid interest at the non-default rate of 10,212.43; late fees of 759.52 and other bank fees of 2,494.66 totaling 151,404.81.