I'm assuming you're strategy is buy and hold.With rents at the low end of $600 you're just a hair over the 50% rule.

@Brendan Morin  reality is there are very few 40k rental homes you can buy today in America that will appreciate like you charted... and they are in no way liquid for usually what you have in them.. to sell them generally generates a cash loss the only way your 40k rental has a TRUE cash value as you charted is if the rents rise so that investors can back into the 2% rules or there abouts...

They find me, harass me, they worship me, they want my baby, they want a lock of my hair...WHY?!

If you do need proof, just post a notice for a mandatory inspection and then take all the pics you need of dog hair, bowls, kennel, what have you.

I owned it for 8 years and in year 7, it went off the chart.

There is a house for sale that is rented out to a few separate small businesses (hair dressers, etc).

You can remove those wallpapers by heating it with a steamer, a hair dryer, or anything that warms up the glue.

This will allow you to get a realistic understanding of what you can/can’t afford and a baseline for what you need to do to improve you position and any additional capital to save.  2) Lenders will request the below preliminary information.Name of entity (organizational chart if applicable)Personal Financial Statement (PFS)Schedule of Real Estate Owned for each borrower/guarantor (SREO)Resume/Bio for each borrower/guarantor, if applicableBank statements for verification of depositsLast 2-3 years of tax returnsI recommend using a mortgage broker in your area that is able to connect you with top commercial lenders to get you multiple competitive offers.

Originally posted by @Austin Hair:@Jay Hinrichs so you're saying this was all in the last 18 months?

If it's in Seattle I'd assume there's some regulatory hair on it either way that would require an experienced team to get it done in a timely fashion.Finding capital for either probably wouldn't be difficult with the right plan and team, the time capital is being held as cash is very low right now.