Anything you are not sure of, see if you can get an attorney to answer without charging you an arm and a leg. 

It’ll be an ARM loan, but you should look into those.

All IRA transactions must be "arms length", meaning that you (personally) must stay away from such transaction as far as possible. 

I'm just not entirely sure how that process works or if it's even possible but it's worth a try.Account Closed he's already in ARMs with the current loans, so he is only interested in getting them into fixed rates.

They have offered portfolio loans (10/1 ARM or a piggyback fixed 30) that would enable me to do 10% down without MIP but a slightly higher rate (about .25% higher)3.

I am not an expert on this by any means.. there is a fellow in Indy his name escapes me  I think its Ken Myer or something like that.. who is big in this business and he might even have a educational arm to his business.. its probably worth the money to pay to have up front training before you step into this big of investment.I personally see this as buying a on going business not really the rental business.my experience with my unit .. is it was only 44 units.. but really nice ones it was not big enough for on site management.. so if I did this again It would have to be big enough to have on site management to show the units and keep people from sleeping in them and hauling all sorts of garbage into them like a hoarder.Don't do as I say.. but when people didn't pay and went dark ..

I know some people don't feel comfortable with the topic, but my wife feels comfortable as long as she is armed.

Arm Mortgage left around 185K, currently rented at 1800/month, which is just a bit below market rate for the area.  

Meanwhile, your business entity has entered an installment sale, presumably in an arm's length transaction with taxable interest income that may be offset by the interest payments from the LLC to you for the original loan.  

Although contractors are definitely extremely spoiled right now and have tons of work and are charging an arm and a leg, you can still find reasonable work by being proactive in 1.