HELOCs are generally better for short-term financing because they are ARMs and are interest-only to begin.

Financing was a commercial loan with 5 year ARM and down payment brought by partners.

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.

I've been told by a few local lenders that the only conventional loans available for investment properties (duplex or triplex, I will not be living in the property) are 15 year fixed or 5 year ARM. 

@Ruchit Patel I am definitely interested in purchasing out of state, just attempting to build a basis of equity and/or cashflow prior to looking for properties outside of arms reach.

I never understand why sudden spike in new listings in a few markets when we see a higher interest rate, it's not like everyone in there has 3 Years ARM.

So, as others have stated, it's really about having to deal with a pushy Realtor that treats the PMC badly.There are legitimate liability concerns:- Tenant's possession(s) go missing during a showing- Prospect is injured at a showing and sues EVERYONE- Realtor shows up at tenant's home and strong-arms their way into walk-thru or showing, causing tenant to file lawsuit for violation of their privacy rights.- Etc.Our contract states we charge owners $50 for any appointment NOT related to property management.

Highlands Ranch is a beautiful area, I lived there in recent years.Personally, I would talk to the tenant and boyfriend to make it explicit that if he is staying for more than 30 days, he will legally become a tenant, he will need to be added to the lease and therefore be legally responsible for the property just like the remainder of the tenants.They'll likely say that "he'll be gone after the summer, so it shouldn't be an issue" – but this will give you confidence that they know where you stand.

I spoke with a lender today who recommended that my wife and I use a medical professional loan (0% down, no PMI, ARM 5 yr at 4.75% or 7 yr at 5%) to acquire the property.

Armed ex-military guard it.