The problem with transacting with family is that the transactions are not arms length, meaning you have an incentive to support your family and cut them deals. 

@Garnett Broy To find out about an area go to IREM.org search for ARM certified property managers.

I was thinking how would it be to own a rental that is in arms reach from where one resides. 

(ie. on a fixed income & wanted an I/O loan, and/or ARM - What do you do in 3 years when your mortgage goes up & your income doesn't?

My automatic response to the problem of access control was to contact an armed response company which specialises in all sorts of security solutions from panic buttons to infared beams and intercom systems.  

Its not quite at a value yet where I would like to sell.I think I can refinance into a 5 yr ARM for around 3% which would buy me around an extra $200 per month.  

No other liens on the house.The Loan period is 30 years started in June 2011Principal amount: $107,725.00Rate of interest 3.25%Interest type: ARM.

Ohh, bankers thanks for twisting my arm and making me buy more real estate.  

These usually are 5 to 10 year arms, but there are 30 year options as well.

At this point, I am assuming I would have to go with some sort of portfolio ARM, or buy a larger property with a commercial loan?