I see they have a 30 year fixed product and they seem to be sponsored by BP. 

I am a very skeptical person and dont want to get scammed into pay 10xs more for a product.

Use the network however to see if you can find some product for lower cost.

Syracuse is a great place to get started and produce good cash flow. 

Also, I am very interested in adding a second bath upstairs and/or doing something more productive with the wasted community space connecting the stairs and upstairs BRs (ie- add a bathroom here or create a 4th BR).

While I can understand some of the desire for rent control there are other more practical and productive ways to assist families in need of housing (IE fix the broken section 8 programs around the country)  I would prefer however that all of you out of state investors get out of "our town" so that the prices can go back to normal for us locals, which should in turn help keep rents down a bit locally .....

Today at 4:45, I get a call from the mortgage company saying that “corporate” is now requiring 15% down because this will be an income-producing property.

The area is desirable; and the lot may have other revenue producing opportunities.

That was okay with me, but now escrow is telling me the "sale" of my property to the LLC will produce a 1099 to the IRS, showing the current market value.

An injury/lawsuit that involves a child typically produces the more high-dollar claims