As far as your comment about not sure what to invest in besides the stock market.

(I won't even comment on the grammar).Me: Yes, I buy houses.

I'll throw Bryan a vote for his comment as well ;) Thanks.

So, other than a 13% annual interest rate, there is no big upside to purchase this, since my initial impression was that it was a NPN that I could foreclose upon.Thanks to all for your comments and insights!

Hello @Alex Kelly +1 on @Christopher Bowen's comments on the state of the Seattle multifamily market.There are a couple real estate investment associations who tend to be guru of the month type organizations but the networking and local knowledge are the real value.REAPS (Real Estate Association of Puget Sound) http://reapsweb.com/REIA (Real Estate Investors Association of Washington) www.REIAwa.comTo take your apartment networking to the next level go hang out with apartment owners, operators and those who provide services and products to apartments: the landlord associations.

If you would like to repeat something anyone here has said in public, adapting it to a conversation as a comment, that's one thing, using common knowledge to express your position or point of view, to some extent.

While I couldn't comment on the VA loan to purchase a 4plex, your comment about College Station not having any inventory is not true (have not looked at multi-families however).

Any other additional comments regarding the closing on this?

The reason the comment about contacting the bank seemed funny is basically that large banks notoriously have terrible communication skills in these matters.

My installer was good at just keeping quiet, nodding his head and at times making a comment, like "we need to add a yard here to "turn the carpet" on installation".