I call my repairman, he makes some other repairs this time, replacing the arm that connects the door to the chain that is pulled by the motor and braces the top panel with a strut that spans the panel, and this time the repair is only $199. 

Two days later they sent us 'arm-length' affidavit and the sellers to sign.

I suspect their chosen appraisal company knows who butters their bread and doesn't need to be explicitly told that the lender doesn't want excessive exposure. 

I have about 20k if a down payment is required and the ability to borrow against my 401k for the repairs.I'm looking at the following options:1) A regular purchase through my credit union as a non-arms length purchase with a gift of equity letter.

4.65% 7/1/25 ARM commercial loans when I checked with my lender about 3 weeks ago.

The appraisal needs to be engaged by the buyer to ensure an arm's length transaction.  

Use that to pay off the hard or private money loan.I recommend against a HELOC because most HELOCs are ARMs so if you are planning on holding the debt for over a year, I would advise against it due to the rising rates.Hope this helps!

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

@Jenna Williams, typically, unless it is explicitly outlined in the lease itself, and the conversion will not effect the SSA's ability of quiet enjoyment to their space, then you are likely fine.But, really an attorney needs to review the leases.  

We just had a lender come in to our brokerage and speak to us about ARMs and lending on land.