It’s hard to “optimize” a policy for a child, but the cost of insurance is so cheap, it makes a ton of sense.

Heloc rates in my area are 8.5% whereas HML was quoted at 12% and 2 points.once I finish the heloc can I pay off the principle only like I would with say an auto loan? 

Amres appears to be highly rated, but their info did not come up while looking for a lender through Bigger Pockets. 

We put down 20% and have a 30 year fixed rate loan for the balance.

@Drew SygitMy dad was...a weird guy, propped up by this enormous misplaced pride and self-confidence in his intellect coupled with this cheap self-pity and hypochondria.

As a result, careful consideration of the ramifications of the S & A decision is essential when planning internal corporate restructuring transactions involving recorded deeds, as well as in estate planning transactions.CAVEAT❗️❗️❗️This DOES NOTpresently apply to transfers of non-homestead residential property to revocable living trust agreements or land trusts This is limited only to non-homestead properties (such as vacation homes, secondary residences, rental properties, or vacant land)KEY TAKEAWAYSIt is important to remember that a change of ownership or control might not make a difference unless the property has been appreciating at a rate of greater than 10% annually.

I read briefly that the interest rates are higher?

Taking this 34 Unit building and turning it into 15 market rate apartments with 3 Commercial storefronts.

Assume 8% mortgage rate and 30-year term.

HML just rebranded to PML to give the borrower the illusion that their rates would be lower or terms easier.folks are always looking for that PML who will lend for far less than market.. and as you mention those would generally be individual lenders.ANY COMPANY PML or HML that advertises and holds them self out as a lender no matter what they call themselves are HML or PML they are one in the same.what your getting at with the larger companies is where they get their money..