Its a mind set that will eventually backfire but until it does, Id stay away from that part of Washington

Their plan apparently is NOT to improve the property, so they are selling and if yours is the best offer they will likely eventually have to take it. 

Where there any rooms converted without permits? 

@Fed Finjap now you're better prepared if you continue to scale and eventually hire a PMC!

My hope is that as I build these relationships, I can eventually bring value to your future deals, whether that’s finding potential opportunities or representing you as an agent you can trust.If you’re open to connecting and sharing a bit about what you’re working on, I’d really appreciate it.

I would like to pass on a little bit of useful information for anybody thinking of converting their permit over to owner-builder. 1 - You will not be able to sell the property for a minimum of 365 days from the date of issuing of the CO. 2 - The property must be for the owner's own use and occupancy and not for sale or lease which means you will not be able to rent it out. 3 - The owner-builder must ensure that all employees working on the project have the required licenses.4 - The owner-builder must provide worker's compensation as required by Florida law.5 - To apply for the owner builder permit, you must physical visit the building department.There are others requirements and conditions, however these are the main items.

Someone has to deal with tenants, repairs, taxes, insurance, and eventually selling.

For example, if the roof is 10 years old and you think you can get another 10 years out of it and you think it will cost $25k to replace in today's dollars, you should absolutley be setting aside $208 per month to eventually pay for that roof.

Maybe convert to housing subject to zoning.  

Wanting CA long-term holds eventually while starting out-of-state is a very common (and smart) path given pricing.If you like buy & hold / BRRRR but don’t want to manage renovations, many investors start with out-of-state turnkey or light-BRRRR deals in the Midwest and Southeast, where teams already handle rehab, leasing, and management.