I thought they had made a mistake, but a mixture of poor marketing, bad timing, prices bottoming out and an unhelpful realtor gave me the opportunity to live in my dream village.

Think about it, all those flood damaged homes, your brother the cheap contractor, your (Semi-Fictional) wife the brains behind the operations, and cheap properties, you could make a killing selling Hoquiam properties.  

I purchased a 4-unit building gut rehab in Chicago, with a 203k loan.The contract had an “as is” addendum.My contractor applied for building permits with the City of Chicago building department.They were advised that the property has multiple injunctions against it, and was, in fact, in demolition court.This obstructed receipt of my permits, rehabbing my property, moving into it and receiving rents, as was my plan.Neither the seller, nor his real estate agent disclosed this information to me.If they had, I would not have purchased the building.The signed contract states under “General Provisions” Section “H” Code Violations:“Seller warrants that no notice from any city, village, or other governmental authority of a dwelling code violation that currently exists on the Property has been issued and received by Seller or Seller’s agent (“Code Violation Notice”) If a Code Violation Notice is received after the Acceptance Date an or before Closing, Seller shall promptly notify Buyer of the Notice.The Seller and his Agent both knew about these violations as the list of violations clearly correlates with his ownership of the building, but did not disclose this information to me.The “as is” addendum does not exempt the seller or his agent from notifying me of this material fact.This withholding of vital information violates the terms of our contract.Had I known this, I would not have purchased this building.The seller and his agent were both aware of this.Are there any legal remedies for me? 

  :) With the urban village strategy, the trend is for more people moving back into the urban core and the city of seattle keeps increasing density.The trend will be migrations to central seattle and shoreline. 

There is no point where it is no longer legal to speak with a borrower (Notwithstanding the millions of fictional, hypothetical, fantastical "What if" situations one could come up with, where that may not be a valid statement on my part).

If you're looking for a condo, then Oceanside and the complex North Coast Village would be a good place to start.

Don't get into analysis paralysis, especially on fictional numbers. 6% interest is pretty high rate.

On a 3500 sq ft lot in Seattle zoned LR3 in an urban village, you maybe able to squeeze in 4 townhomes that have 3-stories.Once it's permit ready, I will bring a partner in who wants to get a good return on their money.

I heard horror stories about the village and not being able to pass the inspection on the 1st go around and sometimes it took several inspections to pass.

Particularly the large streets in Mount Vernon, butchers hill, Bolton Hill, and Charles village seem to have  lot of them.