It's likely they are having you sign an arms length transaction stating you are not renting back the house to the seller.No matter what, do NOT close on that property if the seller plans on occupying it.

You can try calling the local police department to find out about crime and the safety of the block.

Upon formal inspection for Home/Pest found unpermitted electrical/plumbing/foundation/HVAC work that is a section 1 safety/health problem.Bank won't reduce price to meet rehab costs, looking to call county permit office and place permit violation liens on the property to see if bank sees them as more serious issues and reduce the price.

If he had an average ARM, his intrest rate would be falling over the last few years, not increasing.

They will let an investor have a 10 yr ARM starting with a $25K minimum.

., you treat it as a property management arm of your investing business), then having a business entity collect the rent for a property you hold in your own name probably won't provide you much in terms of asset protection (and probably won't provide much in terms of tax advantages for just one property either).You'd want the asset to be held by the business as well, and in no way commingle the asset and it's cash flow with your personal assets and cash flow.

And the police were armed with rifles.

A commercial loan for me is at least 2 years out, just to give me time to get a safety net savings built up to handle the risk and have enough for the down payment.  

If you have any questions do not hesitate to ask them on the forum.We welcome you with open arms here.Best wishes!

Just wanted to know if any of you fellow members who know of any hard money lenders that offer up to 90% LTV for purchase  & who focus on the asset itself w/ out having to give up an arm or leg as collateral.