Paul - this is a great plan and well thought out as @Derek Diamond mentions. 

There's 325 new units coming live in Maple Valley right now, plus an additional 5,000 SFH being built in Black Diamond and that's just within a 5 mile radius.

😀Now the challenge is finding those diamond in the rough contractors. 

Bottom line: You are looking for a diamond in the rough here in WA, AND you have have about 1000 other investors in the NW doing the exact same thing right now.

Those types of deals are like the diamond in the rough but I plan to do some rehabbing on a lot once I am able to build up some capital first.

I host Black Diamond, and we will be scheduling an event on due diligence for out-of-area investing, it's currently in the planning stages, so we haven't scheduled it yet, but it will be posted here on BP in the events section - maybe October. 

If you've been on here for a while now I'm sure you've seen the many great resources that are available.If you're looking to network or chat, besides the resources and connections here on BP, I'd also recommend attending a local real estate group such as Black Diamond REI in Mass. or RIREIG in RI.Also with your design and aesthetics background you might try networking with some stagers as you probably have a lot in common :)

Luxery rentals in exclusive resort areas, where short-term renters typically drive up in a Lamborghini and wearing enough diamonds to blind a person v. 3/2/2 brick on slab in a subdivision rented to a blue-collar Joe. 

Realtor.com shows comparable properties priced substantially lower: $1.575M (6 White Horse Meadows), $1.665M (2336 Pikeland Rd), $1.549M (2301 Diamond Rock Hill Rd), $1.5M (107 Mine Rd).2.

Sometimes garbage is exactly that...but sometimes you can see that diamond in the rough and be able to polish it up and the returns will  be great!!