So if we had not been proactive on this, there is a good chance Chase never would have noticed or cared about it.

So with 150k and good credit you are already starting a step above most. 

Hello, I’m interested on getting some insight from anyone willingI currently live in Seattle and want to get into REI but the cost out here makes it tough to be able to get involved without capitalI read the out of st...

Hi @Shan Randall,Welcome to BP and congrats on stepping back into the landlord game!

I'm taking my first steps toward making my real estate investing dreams happen.

Purchase price: $1,200,000 Cash invested: $1,500,000 Purchased 12 bedroom, 12 bathroom boutique hotel, steps from the Sea of Cortez and beach in San Jose Del Cabo., Mexico.

I live near Richmond, VA, but if you have a national bank then I thought I could just have my local branch call the bank manager you used so that s/he can walk my rep through the steps required to make it happen. 

Process this, and be take the next steps wisely.

Plus it's a great exercise to ensure you understand each step of the deal, and if there's anything you're missing--something new to learn as well!

ALSO they have regs on rooming houses only allowed in specific zoning, similar zoning as for hotels;  only on main streets in business districts AND you have to apply for licensing and blabla as for a hotel..That said;  there is a small movement supporting rent by the room as a small step toward solving affordable housing.