I’d rather invest in an alarm that will alert neighbors with remote arm/disarm vs than that of cams.

I would also make them sign a new month to month lease that specifically states that hoarding (or however you wish to describe the condition where things pile up so that there are only trails from the kitchen to the arm chair toilet and bed) will not be tolerated.  

So, I wanted to ask the board for an opinion on this deal.Summary: CondominiumPurchase price 75k1 bed 1 bath612 sqft with an 70 additional sqft (non-heated) sun room areaBuilt in 1975, but in great shapeLocated in Charlotte NCNeighborhood on the rise (1.2 million dollar homes, and 800k+ million dollar homes for sale and being built on the same streetSchool district all 9'sFinancing options: 30 year fixed at 5.5%10 yr ARM at 4%Numbers below.

The are 5/1 ARM.

Jeff,I'm also not sure about the loan... that is to say are they giving you a 10 year fixed rate, then a 30 yr ARM for a total of 40 years, or are they giving you a 30 year amortization and a balloon in 10 years with a fixed rate.

A hybrid VA loan is another consideration to gain an even lower interest rate and just refi before the ARM portion of the loan takes effect. 

The closing cost will take another 5k included in the loan, my total loan cost is a lot higher than I had expected, interest rate is OK, I opted for the 5/1 arms @ 5% range, but with prepayment penalty the first 5 years, and it is a recourse loan at only 65% ltv.

My concern is that if our LLC takes title to the home now, then in 6 months if I were apply for a mortgage to purchase the house from the LLC, the bank would consider it a non arm lengths transaction and not offer the mortgage. 

Likeley will be an adjustable rate mortgage (ARM)e) if you don't qualify for any of these, you look to hard money lenders or private lenders; terms will be less favorable, but the lender may be more flexible.Beginning a loan application with  a lender(s) will allow your loan officer to try and fit the best program for you.

Hello BP.The best I could get for commercial mortgage with my credit and personal profile is 5.5% 5Y ARM.