Could be debt ratio, down payment, credit score etc...Try Home Possible. 

Acceptance of rent constitutes a legally binding ORAL lease agreement.

Worst yet, there's no telling what other 'Counteroffer' they may also make later but if anymore, we walk.Maybe will ask this on a legal forum like ExpertLaw, Justia, etc.Thanks guys!

Your total expenses (not including debt service) is coming in at 30% of GSR, that's really low, like REALLY low.

If this was a rental some commcercial lenders or asset based lenders could be do a cash out on the property as long as the rental income covers the debt service and they won't even look at your personal income.

That's legal code for "experienced landlord's lawyer."

Numbers are as follows....This is my first deal and am looking for some more experienced guidance.Monthly Gross Rents: $3700Laundry & MISC: $100Annual Scheduled Income: $45,600Vacancy 2% & Loss: $1000Gross Income: $44,600Expenses:Taxes: $10,000Insurance: $1500Trash: $600Lawn Maintenance: $800Snow Removal: $500Gas: $500Electric: $1300Cleaning/Janitorial: $900Repairs: $1000Turnover Replacements: $1500Legal: $300Total Projected Expenses: $18,900Projected NOI (before debt service): $25,700

Eliminate all debt, including safe-ish debt like student loans?

I am new to wholesaling and would love to network with anyone in the Seattle/Puget Sound area who is currently wholesaling and knows the ins and outs on the legalities in WA state.

Expenses beyond debt repayment will be only a rough estimate.