Looking at this as a strategic addition to my portfolio.

Can you share some additional numbers about the investment property you're looking to buy?

We were told the addition of any other pet-related up-front charges would likely not be considered favorably by a judge. 

The 2-3% points in extra cost are worth it if you plan on using as I described above because the use would be for a few  months at most and due to that short term use you can survive a rate adjustment up.But, if you have no plan to payoff the debt like when using for a down payment on a long term hold why pay the extra cost for flexibility and have the additional risk of the adjustable rate with the amortization looming when you can get a fixed rate second mortgage. 

Making additional payments or taking a shorter term are just depositing more into that savings account (it's not like the property appreciates more by paying down the loan). 

As you grow your portfolio, they can help you secure additional funding, refinance existing loans, and adapt to changing market conditions.Financing doesn’t have to be a roadblock to your real estate dreams.

I could buy a LOT of umbrella (additional liability) insurance for $13,000.

Additionally, as a new investor, I am curious if you would recommend this strategy based on your accumulated knowledge and expertise.

I was interested in something like owning a rental property as a way to generate some additional income. 

I’d appreciate any additional suggestions you might have!