You're probably looking at a 15-20 year term maxed on fixed rate, or an ARM or balloon is you want a longer amortization period.

Fire arms dealer?

In many cases, these require an arms length transaction which means you as the agent cannot buy the property yourself.

You can find a portfolio lender but most either use shorter terms, 15 years is typical around here, or have ARMs or balloons.You can transfer ownership after you finance.

If there is an existing lease/rental agreement you must honor that lease provided it is an arm's length agreement from tenant to old borrower and the rental amount is not substantially less than fair market rent.

As per Mortgagee Letter 2008-43 an arms-length transaction in my situation is allowed.

The second property I would use a 5/1 ARM to finance.

I would throw an ad on Craigslist at $1250 and explicitly state the garage isn't included.

I really believe that there is real value in Baltimore if I could just get my arms and head around it.

So, don't do that.Regarding tax assessment: In California, the counties are required by our state law to re-assess valuation to the sale price after any arms length sale transaction.