I would recommend getting in contact with a few lenders to compare:Securing a Mortgage:Down Payment: With $80K saved, you’re in a strong position for a down payment. 

Several factors can increase or decrease the adjusted basis, says McGuff.Increases in adjusted basis can result from:The cost of additions and improvements to the houseMoney spent to restore the property after damages or lossLegal fees incurred in relation to the propertyDecreases in adjusted basis can result from:Receipt of insurance payments due to a casualty loss or theftTax credits for home energy improvementsIf you sold your primary home last year, there’s little you can do to avoid capital gains tax liability when you file taxes this April, Liddiard says.

and hard money you will still need a down payment. 

Provide the payment instructions5.

Military, government workers, families relocating or displaced due to a tragedy, students traveling for internships, and digital nomads are all different customers who need temporary furnished housing. 2. 

They would like me to finance the $70,000.00 into a conventional mortgage and also have them as a lien holder with a promissory note of $100,000.00 with $300.00 monthly payments with 0% interest until maturity.

When I have clients contemplating the two, I look at holding plan (you already did this, so great there) and the difference in payment.

I bought for $10,000 down and pay $1,000 a month to the seller with a balloon payment of balance by end of year one.

My wife and I decided that we would rent out the house but because we have received a grant for the down payment and closing costs from the city of Baltimore, we are wondering if it’s okay to rent out the property without any issues or they would check to see if we live at the property or we did a mortgage fraud by renting out the property for not living it for 7-12 months.

You can pay the mortgage with an auto payment from the LLC bank account BUT HOWEVER the 1098 will come in your personal name, and the property taxes in your name.