A full description can found in the RCW itself and the subsequent Washington State Supreme Court Opinion on the Washington State Legislature website and linked below.Attorneys tell us "the penalty for engaging in a "pattern" of equity skimming that is set forth in the Distressed Property Conveyances Act is found in RCW 9.94A, as a Class B Felony, Level II offense", which can include confinement in a state correctional institution, fine or both.

There is still opportunity out here but a lot of it is going to be reserved for major developers and institutional investors. 

I am thinking developers/operators and some funds/institutional money will be big players in these zones, although if smaller investors can find big enough value add opportunities there could be the potential for some big long term savings.Interestingly enough it appears that the Mall of America is smack dab in the middle of one of the OZ's.

There are institutions that will lend to you.I think we need more information than you are giving.

I was a little worried that if I had a HELOC for the down payment then the banks or financial institutions would look at it as a loan on top of a loan.

But my loathing for institutions like Deutschbank, BNP, Société Générale, Credit Suisse...that's of a different order, because I'm Greek-American.

You would have to qualify and close personally, then transfer title to your entity.There are a few non financial institution outlets offering a 30 yr fixed on SFR.

GroundBreaker - https://www.groundbreaker.co/ -Real Estate Fundraising and Investor Management Software PatchofLand - https://patchofland.com/ - matches accredited and institutional investors seeking high-yield, short-term, asset-collateralized investments to borrowers seeking more timely and consistent sources of funding for rehabbing properties across America.

But as far as loans go, you may want to start an account with institutions that offer a commercial portfolio loan. 

I mainly was needing help deciding on whether to start a fund or raise equity on a deal by deal basis and where to start raising funds (HNW individuals, RIA/placement agent, Family offices, PE, Institutions) Below are my summary notes.