.), but values are still suppressed. 

But I'm young, so my appetite for leverage is probably higher than someone who is looking to retire.Long story short, what are your goals? 

=======Locate the septic feild(s)(s)(s).Have a scientific drinkability test on the tap water for any contaminates.Beware of big (and small) spiders in the basement.9 x 9 tiles are probably asbestos, same for the glue used to hold them down.Wiring and electrical panels may be at end of service life.Florescent lighting may be circa 1960 (I dream of Jeannie) lacking modern non-buzzing startups and be way to many for modern use (electrical hogs).Don't drink any of the water (or even get it splashed on you) without having it tested first.The building may have city water and well combination.Find all abandoned septic fields.Find out if the fire suppression equipment is up to spec with the local fire dept--inspections, types.Without a roof and with many broken out windows insurance may be hard to find.Paint--expect lead (the pealing type) of paint.Assume anything with capacitors-(HVAC, Florescent troffers, Kitchen electric motors, food service garbage disposals, etc.. )-the capacitors are bad--do not turn on until checked by a competent technician.Look for a basement.Look for fallout shelter(s)(s)(s) underground separate from the building (Duck and Cover Turtle era).Look for steam heat system and have it inspected for possible use or demolition.Look for abandoned wells, that may have dried up or were too contaminated to continue use.A phase 1 enviro would have been a good CYA move--you can bet any buyer from you will get one...Pay to have a written professional inspection done of the building to get a consolidated look at the things you will be facing.

Also, there is a great appetite for housing north of Seattle.

You can expect each bank to have differing appetites for investment properties so make sure you chat with a few.

Cash flow looks a bit low than my typical appetite for target properties, but curious to see how it played out. 

Community banks, however, do have different appetites for the types of loans that they do.

We don't have an insatiable appetite for more more more. 

Especially as the low LTV you are talking about, most lenders would have an appetite for that. 2.

It's a unique historical property and so it attracts a lot of tourists, especially people from Europe who are looking for a "western experience" Curious what the appetite is for people looking to get into the short term rental market.