I understand some of the benefits of an ARM especially if it gives you a lower interest rate and you don't plan on holding it for longer than 5 years or however long the initial rate is.

Nobody knows what is going to happen with rates...trying to guess or forecast is a fool's errand. 

I recommend you slap 2 Section 8 tenants in there, or drop your list price till it sells As-Is.

Considering the high interest rate, the projects and COC return seems too good to be true.

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A wrap-around agreement is a type of secondary mortgage financing and involves the buyer paying the seller directly for a residential property — often at a higher interest rate than the original mortgage.

Here is what is good: in Colorado they pay 9 points above the current US Federal Discount Rate (which is 5.5% right now) - so that would be an interest rate of 14%+.

I am patiently waiting for prices to drop for no other reason than the market stagnation due to high interest rates.

I am using a FHA loan on my primary residence and don't want to refinance because we have a great interests rate. 

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