I'm not so sure about WA, but being a high cost coastal state I would wager they're none too friendly.Generally if you google around you can find guides as to what that all means, as well as how to determine if a particular state or market is good for investment.

Haven't gotten too deep into the costs yet, but doing the preliminary analytics. 

I can try if I can find a source to finance the entire project, including the fund to purchase the corner as well. the problem here is the discussion with the city will be very preliminary, as it is the best I can do without having the actual ownerships of all properties involved. 

Just ran these preliminary numbers.

I have my agent run through multiple properties and put in multiple offers based on her high level analysis of what's needed, once I get an offer approved, I'll have my contractor go out and give me a preliminary ballpark of the rehab.

They haven't even begun my vetting process...And I have doubts about you rating the property an A and under market.A potential tenant does not walk onto my property without completing a preliminary application (as well as partner) and being informed of the requirements of a background check and credit check which they will have to complete if they want to move forward after a walk through.

It is a value add prospect so I am wagering on the latter, but I don't know until I complete more due diligence.  

I would wager a guess in SW or NW, possibly NE.

I’m a MLO that lends in Indiana so feel free to reach out to get started with the pre-approval process or to run some preliminary numbers. 

I also have a large HELOC line available on my personal residence.Despite their language (above) the bank involved is (at least in my preliminary discussions) pitching a fit and indicating that if I use the HELOC to bring additional funds to the transaction or do 3 mortgages (pay down with my cash and then refi to get funds to do the next 3 and then the final 2) that it deems either strategy as equivalent to directly (and in the first instance) refinancing with another financial institution and will not release my collateral unless I pay their penalty.I am prepared to call this a mistake on their part and am seeking legal advice, but I am interested if anyone else has been through a similar episode.I don't get how they think I should be stopped from mortgaging my personal residence and then bring those funds as equity into the LLC's (the actual borrowers) to pay them (the bank) off.