Also, these better rates are usually accompanied with larger "junk fees" (processing, appraisal, transfer, etc) and especially when using some of the very large LTV loans. 

Our plan is told hold onto it for another 5 years when we can sell it for a larger gain.A few months ago, I was lucky to get transferred closer to Martinsburg.

Around 400 inspections as per year as well.I am buying this home as a rental for the next 3 years (we will be moving there once I get the job transfer), but since I am purchasing this long-distance, I am a little worried about making the right choice on this.Who would you pick?

@David Putz It is pretty common for the borrower to not trust in the servicing transfer.

Just a questions following up your comments1) when I negotiate down the price, should I pay the judgement off before closing or I can it wait at closing of the house and title will transfer the funds?

You do need to execute a valid bargain and sale contract, transfer earnest money, then engage an agreed upon title company to handle the closing and possibly hold onto the earnest money.I would start by calling the title company and ask for help.

In my county, the county forecloses on the house and transfers title to themselves.

I just got a closing costs quote from TD bank: ~5200 Origination 840 Appraisal 525 Credit Report 9 Customer Authentication Report .85 (85 cents) Flood Determination 5 Tax Service Fee 58 Title Services and Lender Title Insurance 1470 Owner Title Insurance 650 Government Recording Charges 715 Transfer Taxes 600 Initial Escrow 240 Daily Int Charges 90 Homeowner's Ins 75 I'm not sure how much less these numbers differ in Michigan.

If the lender won't finance an llc and you transfer the property to an llc after closing the loan could be called due. 3.

How do I write down who owns the debt and what happens to the debt if I were to dissolve or cancel the LLC (recommended to avoid the transfer tax while getting the loan.)If we cancel the LLC, we are still paying back the debt because it is in our names.