I'm no expert on which states are the best for investment. 

But I am curious about what would the experts do.https://www.zillow.com/homedetails/15414-SE-Jones-Rd-Renton-WA-98058/48792362_zpid/

Build up a network and talk to your local experts/attorneys.

Not to discourage you, but this type of project rarely makes economic sense. 

Anthony and Greg gave good info.Freddie Mac or Fannie Mae agency loan options depend on the property's economic vacancy at the time of loan application submission, physical occupancy for last 90 days, submarket, and your net worth and liquidity cash position. 

@Patrick Britton,As Jay mentioned, most private note buyers want the note to have come from the purchase of a property.So, there's a couple routes to explore ...First, if you own the property in your own name, establish a business entity structure (consult your financial / estate planning expert(s)) and sell the property to an LLC in that structure.

<<The article went on to address recession concerns:>>He also thinks metro Phoenix will fare better in an economic slowdown or recession than other parts of the U.S.Lower interest rates for home buyers, an undersupply of new homes built and projected stronger-than-average job and population growth in the Valley are why.

In order to raise capital use other peoples money to do real estate deals you need to be an expert first.

They are going to more of an expert in this area than your agent. 

Hi @Pascal Guirand, the economics that make the areas that I mentioned better for investing (population growth, jobs growth, wage growth) are favorable for single or multi family.