Duplex mortgage #5-10 - 65% LTV The purchase transaction was an arm’s length transaction The purchase transaction is documented by the HUD-1, which confirms that no mortgage financing was used to obtain the subject property.

If rooming houses are not explicitly permitted (or restricted) in the area, what are the City by-law restrictions around occupancy (i.e. how many unrelated adults per dwelling unit)?

The deed restriction language comes With the approval letter, as part of the documents the buyer must sign; the approval letter, arms length affidavits, etc.  

Loans for investment properties are not eligible if the transaction includes non-arm’s length and/or at-interest characteristics5.

SFR mortgage #5-10 -70% LTV2. 2-4 unit MFR mortgage #5-10 - 65% LTV The purchase transaction was an arm’s length transaction The purchase transaction is documented by the HUD-1, which confirms that no mortgage financing was used to obtain the subject property.

Does anyone know a RE attorney that wont cost me a arm and a leg in Fort Collins?

Arm yourself with enough information so you can get through a deal.

Should I give up my fixed rate for the ARM?

Next issue, family on a lease, a lender will want at least a year track record of actual payments, renting to family isn't an "arm's length" contract, a lender may want 2 years payment history. 

I have always had an intrest in real estate, but I could never seem to find a good source of information that didn't cost an arm and a leg.