Unless you explicitly stated in your lease "washer and dryer repair and maintenance is tenants responsibility".

It won't help you much in South Dakota but the credit union that I belong to does 4.75% on either a 15 year fixed or a 5/5/5 arm amortized over 20 years.

He should be glad and not charge  you an arm and a leg so he can focus on other things now and have his workload more balanced throughout the year.I don't know if realtyshares provided you an estimate K-1.

I can't promote myself a FL Mortgage Broker on this site, so instead, if I were you, I'd look for something like a Stated Income ALT investor loan in the mid to upper 4% to lower 5% range on a jumbo loan at 75% ltv on a 10/10 arm, 300/240, no escrows and no PPP.And remember, use other people's money to make money!  

This may not work as well for you as variable rate real estate notes in the U.S.A. are not as attractive as those here (unless there is something other than an ARM which I have yet to encounter).

The local bank is super annoying to work with and is an ARM that adjusts in 4 more years. 

Since you don't own the asset yet, you shouldn't be discussing with tenants.One step that is sometimes forgotten is, once you have made a serious offer (your due diligence period), you should explicitly ask the seller ( as part of the offer) NOT to enter into another leasing agreement at prices/conditions not approved by you. 

Also need 30 year amort and 5-7 year ARM is ok.

They have been more aggressive on loans lately and seem hungrier for business but this is on the commercial side for real estate so I do not know about their residential arm. 

Essentially  I was looking to do 3/1 , 5/1 or 7/1 ARM so i don't have to put down more money and mortgage will be reasonable .