@Bruce LynnIt is not that uncommon these days for an institution to convey via quitclaim. 

A full description can found in the RCW itself and the subsequent Washington State Supreme Court Opinion on the Washington State Legislature website and linked below.Attorneys tell us "the penalty for engaging in a "pattern" of equity skimming that is set forth in the Distressed Property Conveyances Act is found in RCW 9.94A, as a Class B Felony, Level II offense", which can include confinement in a state correctional institution, fine or both.

Looks like right now almost every rental investment in Cambridge MA is going to bleed money on a rental cash flow basis.

There is still opportunity out here but a lot of it is going to be reserved for major developers and institutional investors. 

I am thinking developers/operators and some funds/institutional money will be big players in these zones, although if smaller investors can find big enough value add opportunities there could be the potential for some big long term savings.Interestingly enough it appears that the Mall of America is smack dab in the middle of one of the OZ's.

@Jason Ma try calling the Chamber of Commerce and ask them? 

There are institutions that will lend to you.I think we need more information than you are giving.

My property is in Dedham MA

Hello everyone. I am a new member looking to meet people local to the Cape Cod/Boston area. My father and I are looking at some single family homes to begin flipping. Would love to hear some tips/tricks anyone has on ...

I'm replacing the aging boiler and hot water heater systems in a MA multi-family rental property in the next few months, going through the MassSave discount program.