buyer funding options

[Ryein Goddard]

I am planning on buying houses and living in them while improving them.  My plan is for my wife and I to completely pay them off and then move on.  I only currently own 1 house out right now and working on finding the second right now.

What is the best finance options for this style of investing? Should I do something like a 10 year ARM, or just do a 30 year conventional, or is there something non-standard?

Thanks for any advice.

[Fred Brauneck]

I say go with a 30 year that has a balloon at some point.  Then sell  it so that your balloon payment and the cash from your buyer are due at the same time .  

Note:  I don't think you can take any deductions for work you did because you lived in the house; ask your CPA.