My question is does anyone have experience doing this in the metro DC area (PG County, Montgomery County, Washington, D.C.

All the local banks I've spoken to require a PG of some sort (limited or full recourse).

The link there shows the site and the testimonial pg with Michelle Obama as "Alicia" SMH, LOL

In Pg w you.

Norris has similar product but I am pretty sure they will lend to LLC but will want a PG..

Biggest benefit of these programs is that they are long term 30 yr fixed loans that are non recourse meaning their is not personal guranteeIf your not looking for that then the bank is an option and they have long term financing but they are full recourse you will have to pg the loan.The third scenario is an alternative lender that offers non recourse bridge financing that goes up to 7 yrs fixed at 80% LTV and they have no net worth requirements.

I found this book called "Real Estate Development Workbook and Manual" By Howard A Zuckerman & George D Blevins its a like 700+ pg book and the book was printed in the 90's and fundamental literature seems to be on par with lots of things but un experienced person like myself I dont know whats old school and new school. 

Ill take a look into Midwest corporate credit, i think they charge a upfront 8% fee and the loans are short term with a PG so if you have any delays in the acquisition or rehab phase you could be in trouble, but ill look into them further. 

However, if you sign as a manager of a LLC then it can possibly not count and may free up your financed properties count against your total 10 fannie/freddie loans assuming you dont have a PG (personal guarantee) elsewhere (usually a separate 2 page doc).

@Mayank Saxena  you can do much better in terms of cash flow just across the river in PG county or in Baltimore.