(I was not the bidder) My agent is in contact with the agent for Carrington Mortgage.

And, more importantly, under what assumptions are you thinking that you can refinance a commercial mortgage to a <4.25% fixed rate for 30 years?  

The details of the deal are below: Purchase Price: $165k Mortgage: $990 HOA: $100 / mo.Capex: (figured based off roughly 1% of purchase price): $130 / mo.

They are a regional credit union that holds a large portion of mortgages in house. 

If they have non mortgage debt tell them pay that off first

I'm in the market to buy a new house and am looking for some thoughts on the pros and cons of 15- or 30-year mortgages. 

I started saving up to become a homeowner in the near future and that simply was not enough for me, I wanted more than just a mortgage to pay every month till I paid it off or moved to something bigger.

Fairly certain it would be mortgage fraud, my guess is the lenders would have some say on how the money could be used.

There's plenty of them here on BP if you are looking to buy something over 80K.As for agents and property managers.....plenty here on BP that will help you out......If you're looking to spend over 80K.If you're looking to spend less than that you'll probably here nothing but crickets chirping and/or people telling you not to waste your time.....or theirs......If that happens to you PM Me and i will tell you excatly what a couple of people here on BP DID tell me to do to find a mortgage lender, Property Managers and Agents that WILL work with you.  

No firsthand experience, but every time I've seen this question come up the responses indicate that for a few small units LLC will not protect you better than simply adding an umbrella policy to your insurance while being more complicated and expensive to maintain.Also many snags to consider such as banks not likely to finance residential property to the name of an LLC, transferring to an LLC later can trigger a due on sale clause in your mortgage, if you mix personal funds and LLC funds to pay for something you can negate all legal protections.