I'm wondering what options are out there that aren't going to cost an arm and a leg in lender fees.

Since when did hard money lending become giving up an arm and a leg.

I believe it is an illegal transaction of funds as it is not arms reach.

(seeing as his damage is the direct cause of the apartment not being suitable for rent in April)Sorry if these are dumb questions, I'm just not sure what to do.I cannot do the work myself as usual, I am pending surgery for my right arm, and it is currently very limited in use.Therefore I am needing to hire people to do it for me.

I did setup a Roth component to the 401(k) and plan on investing more with that arm in the future.  

@Jay HinrichsI tell new agents, "any lender you use has to be in choking distance of you arms."

I would think that assuming that it doesn't cost an arm and a leg to bring them up to code, that might be your best bet.        

Most stated programs only offer 3/1, 5/1, 7/1 Arms. 

Just remember that all transactions involving the property owned by your IRA must be 'arms length' and all expenses must be paid from the IRA and income going back to the IRA. 

Are you saying that there is actually a separate tax levied on property that is earmarked explicitly for school systems?