Mind you, we've got 3y left before the 4.5% ARM turns variable (+/-2% per year; min 2.5% / max 10.5%).3) ???

The thing that some sellers are having trouble with is understanding that this is now a variable in the transaction where it use to be somewhat set at the beginning of the transaction.

There are still variables due to heat loss along the way to the units but the medium (water) carrying the heat is guaranteed to flow to its destination (radiators).

-Wholesale deals are all over the place - we've seen some great deals, some ARVs that are ridiculous, and some that are priced more than it would fetch on the MLS-C neighborhoods are going anywhere from 70 sq ft to almost 200 sq ft in variable conditions.  

I just started my direct mail campaign and it took a whole Sunday (3:30-9PM) to do 200 letters and this was about as automatic as the average Joe could get:Printed Yellow letters using Officejet printer (Paper from Amazon)Printed envelopes using the same printer (Envelopes from Dollar Store)Bought 400 forever stamps from the Post Office to create the "genuine" effectStill, folding and stuffing papers was an extremely underestimated variable.

We looked at some property in Belize recently and local banks had rates in the 10's for a 5 year term, variable rate, amortized, and with a balloon. 

It would be a much better rate, it would be a fixed rate (not variable), and it would amortize over 30 years (no balloon payment).

The other way to lower PITIA is to get a lower insurance quote but this is marginal since most insurance carriers are all priced to market efficiently (insurance accuraries have low margin of error or variability).Stated the problem and the solution to your FHA inquiries, any thoughts questions comments, lets goooo....

Variable v.

There is a variable missing in your post that is the key to answering the question of which asset to leverage to purchase the asset you have in mind.