Find a mentor ASAP, obtain your real estate license at 18, and be patient while building your sales business.

I'm a brand new investor looking for single family/small multi BRRR or lipstick flips in the south Seattle area. 

The policy will cover the Existing Building normally at Actual Cash Value (depreciated value) and the improvements you are putting in at Replacement Cost.  

I've seen along I-20 (between Atlanta and Birmingham), or along I-65 (between Birmingham and Huntsville), areas like Oxford, Lincoln, Pell City, Cullman etc,  there are some new builds 3bd/2ba for around 200k - 220k range, rent for about 1.5k, for a buy-hold strategy, I feel comfortable as long as it has a positive cashflow (with 25% down). 

The policy provides a limit for the Existing building based on Actual Cash Value (depreciated value). 

The new house we are buying is a new build and we need to release the contingency on our current home.

Investing is a great way to build wealth over time.

Take that same concept and apply it to your work, source deals, wholesale to build up cash and once you find those golden nuggets you can take those to get lenders and keep for yourself. 

When you do a 1031 exchange you carry whatever basis you have left in the building you haven’t depreciated and add it to the amount MORE the new building is worth.

I know how to build models, I know the lending process, and I'm an excel junkie.