@Paul Callaway on Property "A" you can request a HELOC after all of your updates and then have that money available to you, this is essentially your money and you can use it for what ever you would like.  

We essentially took what would have been the buying agents commission and split it 3 ways. 

Which is why single family rental housing in great neighborhoods/school districts is in high demand.

Ideal locations are neighborhoods near downtown (Central District/Cap Hill, North Beacon Hill, West Seattle, North Seattle, etc.)My work background is in the project management side of the construction industry.

Learning so much from this open dialogue.Just for the sake of understanding all scenarios, LC's would essentially be "Non-recourse" loans correct?   

MSA stands for Metropolitan Statistical Area, it is essentially the area around a city that is effected by socially and economically by its relationship to that city.

Right now, I live in an apartment and am essentially throwing away money, so investing in a tri- or 4-plex would be ideal.

So essentially, if the property's income is north of $20k annually, he would need a zero interest setup to pay the principal down for a year.  

I live in the maize district (sw corner of maize and 29th st.) and we love it.

With all my ways to get things at wholesale pricing and with the ways of knowing how to essentially get it all in there, while saving money on other things and still make a chunk of change at the end, I'm all for it.