—The doctrine of the right of survivorship in cases of real estate and personal property held by joint tenants shall not prevail in this state; that is to say, except in cases of estates by entirety, a devise, transfer or conveyance heretofore or hereafter made to two or more shall create a tenancy in common, unless the instrument creating the estate shall expressly provide for the right of survivorship; and in cases of estates by entirety, the tenants, upon dissolution of marriage, shall become tenants in common.History.

It has great cash flow and in amazing shape except one thing. 

@Barry Mountain I'm looking for something similar except I have been paying cash for all the properties I've purchased lately and I'm looking to pull some of the money to buy more.

Reading the landlord-tenant law in WA, Seattle has a lot of exceptions.  

The only exception would be, as was mentioned, a case where it was grandfathered in.

The downpayment is practically as low as they get (save a couple of exceptions like VA or USDA loans which have special requirements) and the credit score requirement is lower than most traditional loans.  

A local attorney who specializes in commercial might help.How do you know about title exceptions, ALTA level one survey, site inspection, phase one environmental,appraisal, service contracts, loan covenants,leases, property management agreement, estoppels & snda's, association dues, ccr's,etc.?? 

This turned out to be a Turnkey type of transaction except I was getting in before rehab instead of after allowing me to take advantage of forced appreciation!

I'm wondering if we have to wait until one year has passed before renting it out, or if there are any exceptions to this rule.

The transfer of beneficial interest is not recorded and does not cost a thing, except maybe notary fee.