Often times the commercial lending people deal with these loans so that the residential people can specialize in the fannie/freddie type loans.

Instead, we protected our investment by following our SOPs, verifying everything, and never assuming the first answer is the full story. 

The lender I'm working with offered me a 6.625% 30yr option or 5.625% 15yr option (both options assume no points).

You’ll lose the 10% state income tax, you’ll eliminate the traffic, and assuming you and your friends don’t bring it with you.

It is on the road to White Pass and it's ski area so I am assuming you will get folks to ski.

@Karolina Powell what we've experienced in handling both is the struggle for tenant stability.Logically, the more people you add to any given situation, the more likely it is that at least two of them won't get along:(We've placed a new tenant in a duplex several times and had them not get along with the existing tenant. - Sometimes we lose both tenants, but often we can keep the longer-term tenant calm until we get rid of the newer tenant.This is more difficult to do when you place a new tenant into a 10-unit building where all the other tenants have been there awhile. 

These are often people making 600k to millions a year or higher in income but live 100k to maybe 200k lifestyles and invest the rest.4.

Go find some people who have fairly small self directed IRA's and give them a fair return to be in 2nd position.

If they agree and again if you are comfortable you can leave them in a ziplock on your porch for them to pick up (I assume they know where you live) If they are out of state get their permission to mail it out.  

She's thinking of trying to assume the loan but I told her I'd try to see if there is a better way to move forward.