In Exchange for allowing us access to these funds:My wife and I will continue to rent out the home and cover all utilities and the mortgage. 

That is 1 vacancy/unit/year.At that price point is the landlord expected to pay any utilities?

Splitting utilities can also be an issue.As for it being 147  inspect it like you would any house. 

Utilities?

We are aware of the permits, utilities, and drawings and such that needs to be done to make this happen and the approximate cost to make these improvements.  

Just search some of the marketing forums on BP to see what marketing strategies other investors are utilizing today to fit your investing strategy.

A) 5/1 ARM – 20-year Term; Up to 30-year AmortizationInterest Rate Options:1) L5 Resi Owner-Occupied 5/1 ARM No Point Rate + 1.00% + 1 point2) L5 Resi Owner-Occupied 5/1 ARM No Point Rate + 1.50% + 0 pointPresently: L5 Resi Owner-Occupied 5/1 ARM No Point Product is set at 2.50% therefore, the CML Non-Owner Occupied 5/1 ARM rate would be1) 2.50% +1.00% = 3.50% +1 point2) 2.50% +1.50% = 4.00% + 0 pointTerm: Max: 20 yearsAmortization: Up to 30 yearsFloor: The initial rate on the transaction will be established as the Floor rate for the life of the loan.Repricing: At the end of the initial 5-year period, the interest rate would reset to the then 1-year T-Bill Rate (Index) plus 325 basis points (margin)No prepayment penalties requiredInterest Rate Repricing Caps: 2% +/- at each change date; 5% +/- over life of the loanClosing fees: Utilize mortgage calculator fee scheduleStandard commercial real estate loan underwriting guidelines are required (i.e.

Is he up to date on payment of utilities?

What's a good formula to utilize, for an Investor to be satisfied with a wholesale dealor AKA..

We didn't set out to look for one, but we've utilized it since we've been here.