@Leon Yang  This is a home that sits directly across the street from me that has been empty for about three years...owner had a heart attack while mowing the grass and moved into a condo...I think the income on a monthly basis is key...and if I were him, I would want a balloon at some point in the next 10-15yrs...any suggestions?

Thanks @Leon Yang @Dave Visaya @Jesse Waters for the warm welcome and advice.I am still learning how this forum features work. : )  What happen next if I press Connect to Follow or Send Colleague Request? 

Hal,                         As a new investor, I'm full of doubts.

Incentives up the ying yang but not for old ideas.

Hey @Ron Yang welcome to BiggerPockets!

@Leon Yang , the sellers are very vague on what they are looking for so I am trying not to offend them with the opening offer but I think they would entertain any starting offer so I might consider that as a starting point.  

@Leon Yang , I've already refi-ed my SF condo, I'm on an 5/1 ARM at 2.75% that goes adjustable (LIBOR + 2.50%) in 2017.  

@Hal Thompson brings up a good point, you might be able to refi the remaining loan and assume it at a much more attractive rate, which could make your margin more acceptable for a buy and hold. 

@Steve Yang @Dotan CooperBe very careful with section 8 in Indianapolis.

@Steve Yang..Did you find what you were looking for yet?