In addition to looking for the good deals, you should have a very clear strategy in my opinion going in or else you may lose money.

As your payments would be much lower you could put the additional cash savings into your new project or into a reserve account for that property.

In addition, some of these clubs have discounts at local areas that every consumer enjoys.

Also, foreclosures in the Seattle Area are difficult to come by for the following reasons:a) Seattle has a robust economyb) Highly knowledgeable homeowner basec) market flooded with savvy investorsNot to say that distressed properties cannot be located in this region, but you have to do your due diligence; require lots of research.Based on the info you provided, it sounds like you have the necessary funds to cover appraisal fees, order title reports, and cover additional loan fees, however, you just need to find a hard money lender that can fund your project.

No agent is named, just a phone number.edited to add, its had the co sign on it for over a month.

I'm not sure that I can handle an additional project right now.

Goals:*Purchase 2 or more additional rental properties.

You're a good addition to the group.

In addition, it is my experience that sellers ALMOST ALWAYS over-estimate the income and underestimate the expenses.

Additionally, the order in which they are presented and completed.Is there a thread somewhere that gives a comprehensive list of all the due diligence items that must be completed before taking the plunge?