We actually had this happen! 

Thought I'd mention quickly that the deadline this year is actually April 15th.

You can read a very confusing article about it here or read the actual ordinance here (Jump to page 144.) 

Sorry I was not clear, but I actually do have 4 marketing streams.

I would say look for a hard money lender actually - you won’t need to verify income or anything, they usually care most about the deal itself and this deal seems like it has great potential also when you’re starting out, it’s going to be difficult finding private money fast and they’re not going to trust you as much so their rate will be higher, hard money lenders at that point have the same rates as them!

People are just more sane in those markets.I was buying foreclosures in King, Snohomish and Piece during the last cycle.

The others are actually trying to move in that direction...

And there should be a couple of contingency hurdles that have to be passed before you can actually close. 

On my spreadsheets I’ve always deducted 8% (sell costs)  from the actual equity on my properties but I haven’t thought about all the grainy details until now!

Within 3 minutes I can tell you if you are doing so for the correct reasons and whether you will actually be able to leverage your  acquisitions into a scalable portfolio.