I've found old garages are more of a liability than a good investment in the lower rent areas unless you get lucky and get one that isn't falling over - it will cost more to bring them back to life or replace them than it will ever bring back in rent and therefore, the best choice is to remove them and spend the money on a new parking slab - obviously a property that already has that done is a plus (people use them as storage lockers too, then leave it all for you to clean when they skip out later).

@Suzette Kim - In addition to what Ellis wrote, I'll add the following: if you KNEW for sure you'd be out within about 6 years, the ARM would likely be the better choice.

II think airbnb has no choice they have to follow what the hotels and airlines are doing right now. 

Best to shop around as others have said, look for a bank that prefers commercial landing vs traditional  retail in my opinion is a better long term choice.

Of course, you have to be sure that the partner you find is actually beneficial to your loan request.

I have a unique and mutually beneficial relationship with a GC who is the most trustworthy contractor I know.

That 15k is going entirely towards the price of the house BTW, not points or closing costs (our choice).

NOT BY CHOICE that's for sure.

Also, would this be more beneficial in a tax sense?

When I came across this quote in a Tim Ferris podcast it instantly became a motto for me both personally and in investing:"Easy Choices, Hard Life.