The worst part here is that he wasn't using his arm to make sure it didn't fly off.

And...there never seems to be that same level of "fear" of default that a borrower or renter would encounter with an arms-length party.The parents should discuss the situation with their tax advisor.

I have a five-year ARM loan on it with an extremely good rate (below 3%), which is set to change on 1/1/2020.

We have done this in the past but were explicit in our purchase contract about our right to advertise the property for lease. 

Hi Guys,Have several SFRs, mostly cash bought, all of them are valued at +40% of my investment,I want to pull cash out of a few of them and keep buying more distressed properties-Given that all of these will fall under a commercial loan criteria (llc) , I was offered the following terms:6% @ 20 year term with 5 yr ARM and than fixed for the following 5 years, which is an average minus offer , i guess(?)

But I believe that is a non- arms-length -transaction.

I'm showing the last arms-length sale for this property was on 23 Dec 2019 (recorded on 1/15/2020), for $268,000. 

In some states property managers are required to get their CPM (Certified Property Manager) or ARM (Accredited Residential Manager) certifications.

Investment Info:Single-family residence buy & hold investment in Salmon Arm.

Interest rate shouldn't be the biggest concern, qualification and then terms (amortization, balloon, ARM or fixed) and then interest rate to back into profitability is the way I look at it.