The truth is, you could read 100 books and still not know enough because certain things need to be learned through trial-and-error.

They ultimately did obtain a mortgage which was secured by the property, but the fuzzy area for me is how they obtained a mortgage in the first place.The DOJ is prosecuting the borrower for two other bank fraud schemes wherein he temporarily misappropriated funds (he's a fiduciary) to create collateral accounts for the purpose of inflating the balance for the 3-4 months required to qualify for, induce loans from, third party banks.A few days ago the DOJ submitted an exhibit list for his jury trial that included mortgage loan docs for my sale, and there was a collateralized account with a bank with a  credit line that exactly matched the mortgage amount he obtained from a lender. 

Your parking cannot reduce the required RYOS, and when you are adding additional units, you may end up being required to provide More RYOS, which could further take away from available parking.As far as exceptions to reducing parking:- There was a "Transit Orientated Developmnent" Ordinance that was expanded as the "Connected Communities Ordinance" in 07/22 for which some properties could also qualify for parking reduction dependent on Zoning Designation- There are Administrative Adjustments (Much easier & faster than a Zoning Variation) available to reduce the required parking spaces by up to 100% in some casesAdditional Info:- The minimum size for a parking space would be 8' wide x 18' deep. 

The truth is, you could read 100 books and still not know enough because certain things need to be learned through trial-and-error.

It does take a lot more due diligence, trust, education, and trial and error.

Both products you mention have a free 30 trial you can download and test drive.

@David Edwards Hi David, do you see variation of the hard cost by neighborhood, for example building in Lynwood compared to in Bellevue, Queen Anne, or Columbia City?

A Partnership Agreement is significantly less involved than a securities offering.Finally, a variation on this would be if you structure a deal where you have "one investor in one deal", and structure it as a mortgage.  

Adding a roommate, even if on a trial basis, is not considered a guest and needs approval prior to move in.

If you want, find an escrow service to handle all the payments.Now the buyer has security (the deed) and you have the ability to foreclosure (the mortgage.)All these variations violate the due on sale.