@James York I read the book a few months ago and completely agree with your sentiment.

It could also be this in combination with in some of the houses the seller would like to sell to someone who will live in their house because of sentimental reasons. 

I share the sentiments of many on here.

Love your enthusiasm, and share your sentiment that this will be awesome! 

First I could not disagree more with the sentiments of @Joe Homs and the stats back my view.  

As my original post implies, I am taking a non-sentimental approach to the point of researching what I can do to ensure against unfavorable situations many people find themselves in.

Mike - Coming from a 1-STR-so-far total newb I second your sentiment.

First, to echo Jaren's sentiments...Thank You for your service.We are in Auburn and invest primarily in King & Pierce Counties.

Real estate (along with lender sentiment and loan availability) is cyclical, so while this may work every year for 10 years straight, it's also likely not to work for a number of consecutive years when the real estate cycle is in contraction.  

I happen to agree with @Pedro Recarey 's sentiment on this may be a blessing in disguise.