There was plenty of sticker shock for sure, and there’s no denying that it’s expensive.

My shock by the housing cost is less about DC specifically and more about big city vs rural south/Appalachia where grew up. 

It just shocked me that two different sources said this would have to be a commercial loan.

When I first started looking into possible FHA house hacking multifamily properties in the Bay area I was shocked at even the cheapest tri or quad plex prices.

At work I am responsible for preliminary analysis and pricing of loan requests made via our FM SBL, Conventional, and Bridge loan programs. 

I was shocked the deposit was for $200,000.

Last time I checked that is not legal in Wisconsin unless both parties are licensed.I am shocked to see this was posted in 2015, I would have guessed 2005.

Have preliminary conversations with them to see what their requirements are as well as the terms of their product (i.e. draw period, floating interest rate as it relates to prime, repayment schedule, annual fee, and closing costs) before you start forking over all kinds of financial documents.3) Most banks will go with 80-90% LTV, which means they will take that percentage of the appraised value and subtract it from your outstanding mortgage to determine the credit line.

@Jay Hinrichs It's truly shocking...

I have only run some preliminaries and I expect the monthly cash flow to exceed $6k.