Here are the terms: 18% on the amount borrowed -- but it's calculated off the total loan amount, not the duration of the borrowing period.

I am trying to gather info by calling each bank about what the best rates, loan LTVs and duration of loan.

I just think that long term, rates are going up and I'd like to get something fixed now that can carry me for the duration while they are so low.Would my DTI include the rental income?

Agreed, @Dion DePaoliI usually see it as some BS sales pitch by foreclosure defense attorneys as to why you should pay them $4-500/mo for the duration, because they're sure they can find some "defect" that will help you.

If you're also thinking this purchase will be something you'll keep for 10+ years but you won't be living in the property for the duration of that time, something to keep in mind is who is going to be doing the exterior maintenance or paying the utilities on multifamily properties.

I may need help at the start, but don't necessarily want to be financially tied for the duration of the rental.3) Is it possible to obtain an FHA loan and not rent out one of the units, but continue living part-time cheaply with my parents, or would that constitute mortgage fraud?

Commercial real estate is highly specialized.My focus is triple net and apartment buildings.I am my own company and the principal broker and owner.If you are cold calling 2 to 3 hours a day you are either calling the wrong people,handling the call wrong with tone and duration and what you say,or you are doing both.Tell me about the one deal you closed.Size,purchase price,how you handled it,etc.

Generally these are the things details in the note:Current date Names of the partiesinvolved address as collateralterms of loan, which includes:how much the loan ishow long/durationinterest ratemonthly payment (derived from interest rate)when to pay (monthly, or at end of loan, etc...)any penalty for late paymentany option for extending the loan duration at end of termprepayment penalty or notWhat happens if you default As far as check deposits, you already have loan notes as proofs.  

If it all went perfectly, you could very well never get it called over the duration of the HELOC being open.

I purchased a property cash then did a delayed financing loan shortly after. https://www.therealestatecpa.com/2016/05/22/ultimate-guide-irs-schedule-e/ Reading through @Brandon Hall's article and the IRS publications it seems some items go to adding to the property cost basis and get depreciated, others apply to loan cost basis and are amortized over the duration of the loan.