Has anyone had any experience with wholesalers in Washington state?

Hello Everyone,I have a SFR in WA state with tenants not paying.

I have a fixer upper property I'm putting offer on Thursday 10/22 in Lynnwood WA area.

Instead, I can simply make the basement an "ADU" for $50 and still get the additional livable square footage that should give me the valuation that I am looking for. 

Here are some stats:  Purchase - 260k; ARV 500k; House needs a little of everything and a lot of some and to get max ARV, leverage current square footage add a bedroom and bath, making the home a 4/3/2; with two master bedrooms.

Appraisers look at square footage, number of beds, baths, location etc.

For instance out here In oregon and Washington..  

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

The real question you need to ask is if you want to be tied to the SBA rules, remember you must owner occupy the property at least 51% of the square footage for the duration of the loan, it is very strict and not for investment or speculation on real estate.So the question is, do you have plans to lease it to others (not your company) in the future?

.- Code becomes a bigger and costlier deal -- all of your properties will be squarely considered commercial and NOT residential, so when you pull permits to do substantial improvements you'll *get* to install a sprinkler system, etc- (speculation here) More susceptible to property tax hikes As for me and my house, we have chosen to buck the conventional wisdom and stick to SFR and small multi's (doubling down on what we know and are skilled at) until we can jump to more sizeable mutlifamily properties.