It may not be completely hopeless if you have these other things in your favor.

If they actually buy and close then you can look to them in a more favorable light as that is not breaking any laws.

These folks can do what they want with their money or are paying higher interest rates in exchange for short term financing until the renovations are completed, then they put in long term financing at more favorable terms.

After you build a relationship, more then likely they will be flexible on LTV%, the amount you have to put down, and you will earn more favorable loan terms.  

It looks like I did all the turnkey guys a favor mentioning TN to pop up in their keyword alerts. 

North Carolina may offer favorable/comprehensive insurance for rental properties?

I still do it -I'd rather be PRO-ACTIVE I go to the court house- rent court to meet unhappy landlords - listen to their cases - meet them in the hall after their case is decided (usually in favor of the tenant) and say.......Excuse me - Would you know of anyone interested in selling their real estate?

I'd actually be curious to hear whether or not your Bothell condo cash flows given the price to rent ratios aren't that favorable in those neighborhoods.Anyway, my business partner and I also work at one of your well known Seattle tech companies and we developed software that helps us automatically analyze all MLS listings in real time and send us a notification when we find a cash flow positive property.

Maybe they do actually have favorable terms for commercial stuff...lord knows they're trying like crazy to stimulate the economy on this island.

Does anyone have any local banks in the DFW area they recommend for investors to get loans from? preferably good terms with amortizations of 25 years or more with minimal fees. let me know. Thanks!