There's a reason credit cards can't be used as down payments and the reason is that lenders want you to have skin in the game.

@Kai Van Leuven developers developers developers developers developers.I have no idea what people are doing in the city of Seattle w.r.t. rental property, but it feels like every house that isn't an owner residence is immediately bulldozed and replaced with a mcmansion.

I'm trying to stay a few steps ahead so I can put a long term game plan together. 

I got started a few months ago in the real estate game and I'm looking to connect with other investors. 

Maybe @Jay Hinrichs can help you, he's developed all sorts of projects. 

Do a risk assessment of these factors, then develop your strategy.You will have a stabilization period with possible negative cash flow, but once you get through it you will have a much easier time with your own tenants and lease. 

I am a little nervous but my hope is to connect with fellow investors, agents, contractors and buyers and develop long lasting relationships and partnerships with them to grow this business and make some money. 

Hi @Erich Churchill...welcome to BP and the investing game. 

Then you can develop a long term relationship with that banker and be on your way.Using this method, I was able to find a couple banks that can work with me on terms similar to what you outline.  

The contractor has given a bid for 630 K for a turn key (including the development of a retention pond).