Beats cramming into the Hampton Inn and paying the same amount for a crammed room and a highway view.

With a grocery store within walking distance, easy access to the highway and train station, a nearby Home Depot, and ongoing renovations and new developments in the area, it felt like a no-brainer.

Another area i've been excited about are the the towns along highway 2 heading towards Stevens Pass (Gold bar, Index, Baring, Grotto and Skykomish).

However, the development is on the wrong side of the highway, hence the lower price.

However, some lenders may have stricter requirements for multi-family properties, as they are considered higher risk due to rental income fluctuations and vacancy rates.To improve your credit score, consider paying down existing debts, making timely payments on outstanding balances, and avoiding new credit inquiries.

The bank froze my funds because I’m a vegetarian "Outstanding!

There is a community over there wanting to build up a boardwalk similar to New Jersey and return North Beach to it's prime (I think it had a boardwalk in 1915 before a hurricane).It has a lot of work to be done but it's in a good spot to downtown, right near the highway so easy to access and get to places all over the city whether you are going to the island for spring break or the university to visit college students it's a short drive.The area it self could be better but I think it has a lot of potential.

There is a primary outstanding mortgage on it (unknown outstanding balance, terms, etc.).

I hope your mortgage broker is a person of outstanding character but the fact is, he or she would be getting a double pay day in this scenario.

@Ray HarrellSellers will owner finance because (1) they will be able to sell for a higher price because they will sell to people who can’t get institutional financing, (2) they think the interest rate they receive on the money they financed, usually 6-10%, is better that the 2% bank accounts are paying (3) they get to spread out the gain on the sale of property over many years and not be bumped into a higher tax bracket immediately, or (4) they can sell the property faster as a buyer doesn’t have to wait 45 days to fulfill institutional lending requirementsBuyers may want owner financing because (1) they save the points and other fees associated with institutional financing (2) they may own the maximum number of properties financed allowable by lending institutions (3) they as full time real property investor may not be able to prove the amount of income necessary to obtain a loan (4) they may not qualify for conventional financing, only hard money, in which case owner financing may be at a much lower interest rate (5) they may have liens, judgements, etc. outstanding that make obtaining outside financing impossible, (6) they may want to close quicker than available with institutional financing.Please let me know if this makes sense