Ask @James Wise for his suggestions.

@Johnathan Boyle thank you very much King

@James Frazee - Hey James. 

@James Dishongh  not sure about other states.

@Erin Margaretyep agree with @James DeRoest and @Gail Kaitschuck.

Because imagine if you find a property, get it under contract, purchase it with the intention of tearing it down and building new, you won't be able to do that for about 4-8 months.Is this King County or only seattle?

James, The building was left to me by my grandfather who had owned a pretty large theater (1400 seats) from 1925-1949 and bought this building but when i took over ownership about 10 years ago it was a mess but fully rented I used this building to parlay this to many other properties and now was able to move everyone out rehab and reintroduce the building much higher rents and it will be very high profit but way down the road after i spent what we did for the last year.

Hi, @Michael James Brooks.Welcome to BiggerPockets.  

-James

When I was selling my house in Yonkers New York  Bronx  residents would come up and look at it and say "I live on the Concourse and my Bedroom set has 2 huge chests and a King size bed and it would never fit in your bedroom.