Anything that could make the bank feel that the transaction isn't arms length should be avoided; It'd be a shame to have an arms length transaction be construed as non arms length.

If you do not plan on keeping the property place an ARM o it for the length of time you intend to keep it and make it cash flow like crazy so you can build your stash of cash.no matter what you are in a good place Matt! 

It is not  a simple answer or choice to make.There are variables from recourse or non-recourse, ltv, cash on cash, principal pay down when debt comes due, defeasance or not, cash management issues, amortization length, etc.I can list a lot more but it is a complex process where much thought needs to be given along with the exit strategies.I like local banks for turn around projects that other lenders will not touch because it is a suburban or rural area and there is no pre-pay penalty.

Turns out, as long as the note is paid in full or length of time is greater than 3 years I can then resell.

@Scott McCloy If you search  " If you had to invest "  in the biggerpockets Search the site engine, multiple $ amounts are discussed in some length.

Talk to the portfolio lender at length to get the inside scoop on how their bank looks at these things -- but they can then change all their rules tomorrow, oh well....

What is a good length of time/duration for the option to be in place?

So for me I am really open to different ammortizations / loan lengths.  

This will be the length of the roof in feet.

13 steps to taking a picture from a potential second story level view.if you're really serious about taking a pic from a 2 story level, i have my practical 2cents to throw in :)1. determine what height your view would be2. determine length of your the telescoping pole you just used today3. height from #1 - length of telescoping pole + 2 feet + = height of ladder you'll need4. get the size of ladder you'll need (as referenced in #3.)5. bring tape measure6. bring a friend (who's not afraid of heights)7. have friend hold ladder (or you hold ladder) - whoever's not afraid of heights8. climb up that ladder w/tape measure9. measure the 2ft as referenced in #3.10. do not climb beyond the 2ft point from the top of ladder to where you will stand (safety precaution/stability)11. set timer on your camera12. push telescopic pole (that already has your camera set and ready to go) and set on a step of the ladder13. don't forget to share your pics w/the group!