As a heads up, development is extremely regulatory and politics involved and changing developers can change those situations and approvals, that needs to be a key part of the evaluation.

The situation I described with service providers is very real and the city doesn't do small developers any favors on the regulatory side. 

I'd look at insurance rates and regulatory challenges you may run into. 

Additionally, if you get found out for mortgage fraud, that could make the lender who issued the loan to you look really bad to the regulatory agencies which could negatively impact their career

@Travis ElliottAfter the 2008 crash, the Dodd-Frank Act basically added extra regulatory oversight on bank lenders. 

You probably got what is called a "conforming loan" therefore the loan will be sold into the secondary market and will be subject to random audits, so there is some risk in doing this, but from my experience as a Bank Regulator, I have never seen or heard of a loan being called due to this. 

@Ian IppolitoAs much as I agree on the regulatory changes you describe, I fear it will never happen.Practically speaking, half the trouble validating managers is their own desire to keep deal sources and locations out of the hands of their competitors, not just the regulatory hurdles.

Second, you're now dealing in securities, and it sounds like you'll want to advertise, which is getting into some pretty tricky regulatory matters.

Thank you Governor Scott, for facilitating this regulatory change that has unnecessarily held back our economy for decades.

Hard to say which way it will go but I am betting Amazon's presence in Seattle will be smaller in the future than it is today.As for investing, I focus on areas outside of Seattle as I don't want to deal with the regulatory burden and I am happy with the returns.