Cash with investors How did you add value to the deal?

But the value it provides is definitely worth it.

My suggestion is to build a spreadsheet and include the net cash flow to you for every month of the deal, then use the IRR function to figure out your return. 

With a cash-out refinance DSCR loan, you would be pulling out about $300k out of property A, and $73k out of property B with rates in the mid 6's at the moment

Google search, pops right up. 

Welcome to the site.

If it was me...I'd check with zoning to find out how many dwelling units I could build, and I'd find what the requirements are for those units (type of house, height and setback restrictions, etc.).Then I'd find out what local builders think the cost to construct would be - just get a cost estimate per square foot for 2 or 3 different levels of finish.

If the numbers don't meet your expectations, walk.

It’s great to see another agent specializing in investment properties here, especially someone with a deep understanding of the Washington market.

Stanley,Welcome to the BP forum and good luck on your REI future.