They also provide a massive amount of infrastructure setup and lists as well as hand holding.

There are tons of deals here in Seattle but the deals are in urban development like high density Seattle modern 3-story townhomes or things that require you have a massive marketing machine.

And most investors fight the county to lower the appraisals every year.As for your calculations....you have made a massive jump from asking price to purchase price...

Education ,education, And massive action !!

You're not going to get cash flow with an FHA loan, but you can potentially live close to rent-free and position yourself well for potential appreciation (which, given the high leverage, could be a massive return if you pick the right area).

I can hit 15% annually without buying trash and having a massive headache to deal with on a daily to weekly basis.

You can watch and read all you want but never see results until you take massive action.

If you think like Warren Buffet and have an investment horizon of forever, if you invest in index funds, and this particular REIT, you will have more money than when you started when its time to pass your investments along to the next generation. 

Prices have been massively slashed in order to get to that point.

You are perfectly positioned for massive success in real estate!