Our objective is to rent the apartments to one parent families.

You are looking to generate as much clarity as possible to the action steps needed to move towards your successful outcome.If the objective I've outlined above is enough for you (1 house under contract every 1 month and 28 days), your action plan becomes a little clearer. 

If the second bank or credit union turns you down and you can overcome their objections keep looking.

I know of at least 50 projects going through permits in Rainier and it is a gold mine.I invest heavily in Tacoma, Olympia, Lacey, Lakewood, Mt Vernon, Arlington, Ballard, Queen Anne, Eastside as well and can objectively say Rainier maybe at the top of the list.

Objective should be to minimize the loss and get back property under your control as quick as possible. 

Everyone starts at a different place, everyone has different objectives.

@Vincent Guerrero If you would be more specific regarding your REI Goals and Objectives, I am confident that BiggerPocket Members can provide you sound guidance based on their experience.

Why don't you post what your objectives are? 

First of all, no business currently based in NC is going to pull out over this despite their objections to it.

Good luck with your goals and objectives!