A no income no doc DSCR (debt service coverage ratio) would be a great option for you .

I didn't realize it's a no-no.

We asked one tenant to leave (5 pets--we told them they could stay if they found homes for the pets, as it is a no pet building), and we had it rented by the time they moved out. 

I thought that taking bonus depreciation was a no brainer?

You can try and stall this and try and come up with the money but now that it is in foreclosure traditional lending is going to be a no-go so unless you know someone who will give you the $ or you have other real estate you can pledge your options are limited. 

It is a great strategy to throw into the mix when you are working with a lot of reserves, but if you assume a loan at a 3% rate and rates are in the 6-8%s now, then it is a no-brainer for banks to enforce the "due-on-sale" clause and call the loan due on a transfer of title so they can use those funds to make mortgages at the current market rates.

You might be able to offer them close to asking price if they will contract with you for a no or low money down situation.

It costs money to build a flex product, few hundred k, won't be a "no money down" or "syndicate from your friends" type of financing.Many of my clients are buying and constructing buildings as graduates of the program.

Everywhere else in WA does not require just cause and can issue a no cause notice of non-renewal.

Don't take on a partner unless it's a no brainer or they can solve a problem that you cannot solve.