If you choose the best rate of the day, you'll see your loan officer's origination fee on the settlement statement at closing, if you choose a no-cost refinance, by taking a higher rate, the lender that loans the money will pay your closing costs, including the loan officer's fee and you won't see any fees or origination on the settlement statement.  

If I can acquire it, she'll rent it for the mortgage price, and let me keep whatever profit I can squeeze out of the sale of her house, its a win-win for me because i'll have a no hassle tenant for the next few years, make so money from her sale, and until she decides to move, she's putting equity in my pocket.

To me this is a no brainer.  

You want to create the best possible offer that will give you the highest return.When Asking the seller for owner financing, it is easy to get a NO.

I’m in the 28% tax bracket for fed and 6.7% for California (my actual California tax rate is 9.3% but the 6.7% is net of federal tax benefit for state taxes paid), leaving me with a total tax savings of 34.7% x $10,000 = $3,470 (and this number is low because the $10,000 of tax deductions in excess of rental income is a low number).(3) Combine these $3,470 tax savings with the $7,500 increased equity and you got $10,970 in annual economic increase by house hacking vs. renting for $600/month.(4) There’s appreciation potential over the next 30 years that I hold the property, especially where we live in California.For the reasons above, if you’re currently renting, this is a no-brainer.

@Rodney Dixon  100% leverage is a no no post 08 GFC at least if you want to stay in the businessthe other reason an astute lender in FLA knows that foreclosures there take a year or more and if they are contested multi years. and if you default their only way to get the collateral is to foreclose out the junior lender.you need 100% owner financing in this situationthis is why when owners finance but want a large down it really does not mean anything to the investor who does not have a downpayment.

Purchase price is 260,000 and it rents for $5380 a month remodeled in 2013, not sure on an actual market value but the rent is over 2% of the value, if I can make it work it seems like a no brainer on the numbers..

There is a no pay membership, then meetings are 10 dollars.  

A no interest note isn't very marketable.

My lease has a "no show" financial penalty. $50 for each occurrence.