Looking to make an Intra-Family loan for a project and I am looking for a simple Interest Only Promissory note where the investment plus the interest is paid at closing. 

If the downpayment + closing cost is free, and you are doing a triple net lease to keep any repairs on the tenant in the next ten years, it may be worth the trouble.

Account Closed, follows through. 

That way you can use that 2% to do a rate buy down to ensure a better cash flow.If you are buying it as a Primary owner occupancy I would ask for 3-4% seller credit to cover rate buy down and a portion of closing costs.

If you are unwilling to house hack then I would recommend finding a strong STR market as close as possible to you.

Hi Account Closed I am in the Raleigh-Durham area

I am having bathroom exhaust fans wired to come on whenever the bathroom light is on.

You can close in a DSCR loan in your LLC with a similar down payment as conventional. 

Rehab portion of the loan was to repair some interior work worth up to $65k. unfortunately 1 month after closing, I had one of the tenants that was getting evicted complain to the city and I ended up getting a bunch of building violations. 

If you're concerned about closing costs, you can place your offers requesting the seller to cover your costs.