Of course, this is true in most scenarios, but it is particularly important when house hacking.

You're providing them real value, and they'll actually want to work with you and teach you what they know.For example, hypothetical successful investor has plenty of cash but is just not finding enough deals that fit their criteria.

Our plan right now is to sell a condo in Seattle and use a 1031 tax deferred exchange and the equity gain as leverage to buy our first “replacement’’ property in Spokane once the renters lease is up at the Seattle property.We are looking for a specific property that we will be able to refinance after it is rehabbed and rented out so that of course we can repeat :) We are learning just what it will take to pull that off!

Of course, you better be sure that you're getting that mortgage otherwise you are at risk to lose your deposit if financing falls through. 

When it gets into rural properties and properties that don't quite fit like the one you describe, it's a bit tricky.

@Aj Parikh    Plumbing issues... of course       no problems with roofstock though.

@Colleen F. It

I was of course being facetious  any business that makes or has the potential to make larger dollars or really any dollars takes time skill and devotion.. 

I would love to get suggestions on what the best areas could be to look for a house with 3+ bedrooms (ideally much more), in the 500,000 range, that would be a high demand rental market, and of course walking distance to the train. 

If you need to permit, have that conversation with them in advance.I'd think instead of 13k you could be closer to 7-8k going this route of course I haven't seen your setup yet.On the electrical, sure, that's an option.