The 3/1 is newly renovated and currently rented, however 2/1 is dilapidated but renters have been there 4+ years.Tax Value on the property is $67k, and it could prob appraise for $85-90k w/o any work, allowing me to BRRRR it without doing the renovation part.My LLC is setup with a bank account, and I have a line of credit w/ a local bank allowing me to purchase without any $ down.I'm very new to investing and this would be my first property. 

I called around to a few local appraisers here in Washington and they had never heard of this concept before.

Does anyone own a 4 unit or more building/s in DC?

Looking for a lender that can open a HELOC on a rental property located in Redmond, WA.

During the last recession, vacancy rates dropped in the DC area, and rents went up.

The tools that are helping me narrow my search are: -city-data.com-areavibes.com-rentometer.com-Biggerpockets' rental property calculatorI'm limited to PG county with my price point if I want to stay close to DC.

Im building a house + Studio to keep as rental, but my investor backed out last minute, So before I go to hard money lenders I thought Id post maybe someone will come inn with cash.House Is located in the best area at North end of booming Tacoma, Ruston, WA.

For example, it is illegal to target homes in pre-foreclosure as an investor here in WA state due to RCW 61.34 (let's not turn this thread into a discussion on this as there are plenty out there). 

Example of pg. 290 MLS You will pay your agent a commission when it is rented Talk to your agent about how it‘s done in your area as well as pricing Existing Tenants If you already own several units, send your tenants a postcard of the property and offer them a cash reward if they get someone to rent Accepting Phone CallsPre-screen the tenant before showing them the house Their gross income must be >3x The monthly rent The credit score of 600 or more Source of income and provide proof of income Good references from previous landlords Number of occupants less than 2 per bedroom (Washington law) Only non-smokersShowing the Property to TenantsTo avoid no-shows, use these techniques: Give the address to drive by, then tell them to call back if they want to see the inside Batch the meetup time with other tenants, Friday from 5-5:30.

Auburn rental has been very good to me located within walkable distance to OTR & Pendleton's many hotspots, breweries, and parks, specifically Zielger Park and Washington Park.