Purchase price: $640,000 Cash invested: $640,000 Investing in Condo properties in Broward County, FL What made you interested in investing in this type of deal?

Because when you do that, your probably going to learn some interesting stuff.

I have docs etc if you are interested in verification and proof that I have dealt with that company.

I believe United FCU is best. 20% down, usually a 10yr term (they offer a longer term though), and an interest rate that's pretty close to the current average for conventional loans. 

What is the interest rate on the mortgage? 

There are other suburbs that you may be able to do it in but its not going to have the booking rate you're looking for.

Q1: Great points, we'll need to have a detailed operating agreement that outlines an agreed approach to all potential outcomes.

One AZ is great - used them many times. 

-How are you getting a 3.75% rate?  

@Helena Goyvaerts it will be tough without 2+ years of USA tax returns showing you are profitable.Higher interest rates have negatively affected most lenders and many of them are getting more aggressive with offering more flexible programs.