For lenders, you should be able to get some pretty good referrals from your realtor that you choose. 

The loan will be originated to the LLC (entity) as the borrower and the property (being transferred to the LLC) will be the collateral.You can choose to refi the properties individually or in a loan tape (portfolio), however when in a portfolio the properties need to all be owned by the same LLC, and the lender may require that they also be all in the same state.

Unless you choose to remove the husband from the lease, they both remain leaseholders even if he is not living there.

Consequently, you must choose between immediate cash flow or future rapid rent growth and appreciation.

So while the inventory is much lower (less properties to choose from for picky retail buyers), it's usually the best time for investors to negotiate a deal. 

I could roll over those amounts into another Roth IRA of my choosing.

Most importantly, choose a market that aligns with your goals!

Which option will you choose, which one will be cheaper from a long-term perspective?

If I had been talking to you before the closing I would have recommended that you choose the 2-1 buy down, which would lower your rate by 2% ($500/mo) in the first year and 1% ($250/mo) in year two.

Originally, I was hoping to have the property owner hold the property while I take the agricultural property through the feasibility study and rezoning to have paper lots approved by the city I choose to annex the property into.