Most of them now have 3/3 ARMS at 5.25% -- they are adjusting DOWN to 4.375% between now and the next 12 months!

It's in reasonably decent shape but it does have aluminum wiring, which I would need to have replaced for insurance (and safety) reasons if I bought it.

I'm pretty sure most administrator's definition (along with the IRS) is whether a transaction is conducted at arm's length or not, and I also believe there is not time limit necessarily either.

My research tells me that the RRSP needs to be arms length. 

I'm using a local bank at 5.5% with 3 or 5 year ARM.

The lender in this case is East West Bank that currently still offers a stated income programs.The two programs I used in 2011 are 3yr ARM 30yr @ 5.125% with a minimum of 35% down payment.

My first experience with an HOA, the homeowners were so upset at the HOA, they had to hold the Yearly meeting in a Church with armed Sheriffs present!

Five Points has a reputation of being a rough neighborhood; hopefully others will chime in as to the level of safety.

I would sell my left arm to be there.

Any serious safety concerns?