Arms length transaction???

Thank you for the compliment, I am attracting endless abundance and I am creating wealth with like minded individuals who are receiving positivity and abundance with open arms....

@Anna Greer  If you are not in an FHA loan currently, there are portfolio lenders out there that will refinance your condo into a 30 year fixed or a fixed period ARM if the LTV is less than 80% and if you don't mind a higher than market rate.

The next day, he dressed in a suit, carried a nytimes under his arm and also carried a pipe.

This is called a buydown.In any discussion with a loan originator, the first question you want to ask after deciding on a loan product type (30 yr, 15 yr, 5/1 Arm etc.), is "what is the par rate for that product if I lock today?"  

You could get into a lot of issues with the City.Personally, I explicitly forbid business at my residential properties and make it a known default to void the lease.

Furthermore it would seem that any transfer of ownership would trigger a taxable event and the IRS would be very interested in any non-market-value transfer structured to avoid taxes whether inside a family partnership or an arms-length sale.

Armed with a little bit of knowledge after attending one seminar and my 1st bootcamp (whohooo!)

No lender is going to throw up their arms and declare they abandoned a mortgage and file a deed of release, they do not have to admit they messed up.

Make sure the money is within YOUR arm's length :)  The final piece that I put in is a clause in the P&S "I may exit this contract for ANY REASON after I inspect it."