But given history, ARM and balloon payments at the top end of a market... that's a no for me.

Added bonus would be someone who doesn't charge an arm and a leg.

Added bonus would be someone who doesn't charge an arm and a leg.

The work that you're thinking of primarily happens when you're closer but the more information and experience you arm yourself with now, the whole transaction would be much easier with more peace of mind for yourself. 

But if the economy slides into recession next year, the Fed would very likely lower rates, so an ARM could supply extra cushion against lower-than-expected rent increases in subsequent years.

I've actually done quite the opposite: explicitly stated that I would not be going down this rabbit hole at least three times, and I have stuck to that, despite multiple attempts by you to come up with amounts or percentages you deem low then attribute them to me and attack them. 

Thank you all for the contributions and open arms in joining this new community.

Arms are also available starting at 4.5%. 

@John J Mooney NYU and UCONN should both have career service arms that should be able to help. 

My second thought was to take advantage of an FHA ARM loan , get into the home , finish the rehab (hoping for 25% increase from purchase price) then cash out refi out of the ARM loan.