They're written to avoid basis switching and also reflect the IRS' general discomfort with non-arms-length dealings, but they end up limiting a lot of very valuable improvements. 

Whether you select an ARM or a Fixed Rate mortgage will depend on several factors: 1.

Maybe an ARM would be better but you have the risk of them going up as well.)

Another example would be the PM's construction arm is responsible for  unit turnovers and the owner has the PM  remodel the bathrooms as part of unit turnovers.

I just did three loans up in the Jasper/Big Canoe area near you and we have a real estate investment arm that has JV'd a lot over the past decade+.

Use the remaining equity ($1M) to go invest in more rental properties.Or, keep primary home which has a 2.75% ARM until 2030 (mortgage out til 2050).

First is a 7/1 ARM 6.875 and the other is 30 yr 8.00. 

If your ready to change your trajectory by opening your arms and embracing a targeted mentorship/training/coaching program, then I'd strongly suggest it. 

As I embark on new ventures, armed with the knowledge and resilience forged through these experiences, I remain committed to the principles of real estate as a means to empower and uplift.

I would even obtain a COFI arm permanent loan where the payments were based on an interest rate lower than what the market rates were.