Hi BP Community,
My partner and I are real estate investors in Texas, and we're currently assessing the viability of a one-for-one giving model, where a buyer would purchase a new-build, and we would use as much of t...

If not I do exactly what they require explicitly and it will pass. 

I did a 7/1 ARM @ 4% last year but I have to imagine the terms would be around 3-3.5% if you're willing to do an ARM now.

Costs to make those repairs don't tend to cost and arm and a leg.It all comes down to ensuring you have enough room in the budget to hit your personal return target.Now if the cost to repair along with the purchase price caused the deal to decrease your return target, then at that point yes I would consider it a deal breaker.

Your LOI should explicitly state it's non-binding (if you want it to be). 

These are my HELOC terms:Assuming an appraised value of $225,0001stmortgage set up at $180,000 80% loan to Value (LTV)HELOC (Home Equity line of credit) set up at $33,750 15% (LTV)Combined loan amount $213,750 (95% of the appraised value)Interest rate 1st mortgage 3.875% 30 year fixed rate conv loanHELOC interest only ARM: WSP + 1% (3.25% Current WSP index + 1% = 4.25%) Principle and interest payment would be $846.43Full monthly obligation including Home Owners insurance ($100 per month) and Taxes ($100 per month) : $1,046.43The interest only payment on the HELOC assuming the full draw of $33,750 at 4.25% would be $122 (shown above) Total monthly obligation between both mortgages : $1,168.43~$25,000-26,000 – would be the cash available from the HELOC at closing What this refinance accomplishes: ~$25,000+ out in cash for the real estate investment opportunities Escrow refund – should be a wash with what we are estimating we would be setting aside to start your escrow (~$1,200) and that is your money to do with as you please Creates a HELOC that you can tap into on an as need basis (during the draw period which is the first 5 years).

And note that is most likely isn't a 5-year amortized mortgage, it's probably a 5/1 ARM.

I'm managing property for about 150 owners and my management agreement explicitly states they are not to communicate with the tenant or exchange contact information.

We had to do a 5/1 ARM mortgage, where our interest rate was locked in for the first 5 years at a pretty good rate, but would be subject to change in 2021, potentially severely spiking up the rate. 

There are 5/1 or 7/1 arm loans that amortize in either 20 to 25 years.