Scenario 1: 5/1 ARMRate: 5.675%Monthly Payment: $5100Prepayment Penalty: 3/2/1Closing Cost: Broker Fees: $11,016 (1.25%)Lender Fees: ~$2,000Loan Fees: $600Plus standard title and other feesScenario 2: 30 year fixedRate: 7.375%Monthly Payment: $6086Prepayment Penalty: 5/4/3/2/1Closing Cost: Broker Fees: $11,016 (1.25%)Lender Fees: ~$2,000Loan Fees: $0Plus standard title and other fees5/1 ARM looks attractive but not sure if that's what other people opt for that for a STR property? 

**Title Search**: Conduct a thorough title search to ensure there are no hidden liens or encumbrances on the property.5.

My bank and they would loan me the money if they put somebody else’s name on the title of my house.

Might not be a problem with a contract for deed sale as you will keep the title, but best to be transparent with your current lender. 

@Bridget Grant for one, your biggest and absolute mistake was not having a title company run title on it.

I haven't had someone misunderstand me because I always say "100% financing of the loan and rehab costs, requiring you to bring much less to the closing table" and then proceed to explain lender fees, insurance, and title fees that are due at closing. :) 

Turn key actually started as a BRRR method the turnkey resellers on the west coast hooked up with mortgage lenders and marketed the brrr what they needed was HML like us. to put the Brrr buyer into title so they could refi..

Go through a title company?

I would say that it is a very good assignment agreement as far as non-state specific or Escrow / Title specific.

Start building a team of Realtors, trades, title companies, hard money, private money and mortgage brokers etc.