I should really take my time to find a place I really like and get to know the areas.It's not that expensive to rent at the moment. ~12k spent on a 12 month lease.The housing market might head to a correction.Some of the arguments for buying is:Seattle's housing market is really hot.

I know many say it’s too much of a hassle but I was an on-site leasing agent before for a 12 floor apartment building across from a large college so I have had SOME experience with it.I’m currently a single federal employee hoping to cut some expenses and do more in real estate.

If you rent it out, those costs basically become the operating expenses of the property.

The time specified in the contract was never respected, not the construction set I sent, but the results were going OK, and I was dealing with it, trying to finish.Suddenly The guy disappeared, He didn't reply any or my emails text or calls, even I was following through pictures, some things he said were done, are in reality not done.By mistake the kitchen cabinets and backslash were removed when the construction plans I sent was specified just to paint them, and I'm thinking they probably demolished it by mistake adding a big expense. 

@Anthony Marucci after reserves and expenses, I'll cashflow between $200 and $300, but I'll also end up with 30% - 40% equity from the beginning

However, I can think of two good reasons why you would want to pay off your mortgage early: 1) Let's just assume it is a lump sum and you pay off your 30-year mortgage with a few years left - this may result in a nice ROI (like paying off remaining 20k would result in a 5k/year gain), and 2) you are close to retiring and are okay with putting your cash into your property and want to have lower monthly expenses.  

If you did the flip with no structure at all, you split the profits but keep track of accounting and also split the expenses so that you each are taking 50% of the profit and expense.

I also think it's a bit expensive and was wandering if anybody is paying less 

Previous expenses to get a sense of the history of the maintenance of the project. 

In my area, if i just did one deal a year i will recoup my expenses so i went ahead and did it.