I would want to get my arms around that pretty quickly. 

I have refinanced through the years and I currently have an 7/1 ARM.

we're on a M2M only & we did evict a hoarder creating a corridor fire safety hazard with trash.

If the owner chooses not to pay for the repair, there is not much the property management company can do unless it is a health and safety issue.

From my parents, I’ve learned that at least for them, they want each of their kids to have safety, freedom, and lastly comfort.

:75-80% LTV5.0-5.5% rate or better based on volume30 Year Fully Amortized (worst case 7/1 ARM, no balloon)No, or little prepayment penaltyNo, or little seasoningAsset based lendingNo maximum number of properties or loans limits.Thanks.

(And of course it should be 20K cheaper).If you're paying more than what it's worth in an arm's length transaction then absolutely there is a cost to get it where it should be.

I definitely understand his plight, however I do want to be sure I am armed with the correct information before I address with the tenants.

The rates will be higher if you go this route of financing, more likely with an ARM that you will have to refinance down the road. 

That way I can be armed with some knowledge to inform the homeonwer if they request a loan mod with their lender.