I would live in it for a year and then rent..i just wish I could speed it along in purchasing more than just one a year instead of having to wait a year.

Fernando mentioned nothing about "flipping" and Flipping IS NOT investing.For many reasons, both flipping and investing in such a small market is significantly more risky than in a larger market.

@Zachary Robertson, I also forgot to mention that I called the folks I sent letters to as a follow-up.

A couple other things I haven't mentioned are that the house is assessed at 64610 and the interest rate on the mortgage is 4.5% 30yr.What do you all think?

I try and ask any question I have on here because I do not have a personal mentor I look to BP to be my community mentor. 1 more question please, should I make and offer and wait for it to be excepted before looking for private or hard money, or do I find a lender than find a deal?

I'm also just starting out and live in the same region, so this is instructive.Julie, you mentioned Skagit...have you thought of going a little farther north to Bellingham?

It just went into foreclosure and when I called the bank to inquire about it, they said they have no information and to wait for the sheriff's sale.

While finalizing my extensive rehab plan (removing walls for an open concept, expanding a shower in the master bath) my contractor mentions we need to have an architect draw up our plans in CAD and then we need to have an engineer bless the plans in order to get through the City of Houston'a permit process.

I'm visiting DC for my first time in November and cannot wait!

Brett, you are the one that mentioned SFR  cap rates in your first post and even went further to claim a SFR cap rate would signal a sell metric.