Investment or personal residence?

IMHO, investing (rentals) and residences are different sort of beasties.

He surprised me by noting that, at least in the area he specializes in, which probably has about 3-400,000 residents, the situation for a newbie investor like me is grim.

In my opinion this is the better bet since it is his personal residence.

My thoughts were to replace it and get it over with but ended up with a quick solution.

More than likely, the asset managers at the largest banks in the country were B-School classmates with these guys and therefore have the inside track on all inventory coming online.The small, local investor will gain an advantage by focusing on customer service with homeowners, identifying a need and providing a solution.

Residency etc.Ppl will always get new job, relocation, transfersAnd sadly ppl will be over their heads with debt.Ppl will be forced to down sizePpl will be put to homes or die.And on the other side is commercial.

I had one guy get a contract on a place just to show residency to scam the government in another state to prove he had occupancy so he could continue collecting from them monthly.

Only the resident agent is public information and that person does not have to be an owner of the company.

I will mostly likely reside northern Seattle/Snohomish area, which is determined by my job placement somewhere in the manufacturing industry of Washington.