I asked about costs/rate/terms and he said "6 percent" interest for 5 years.  

Should they choose to move over a refrigerator, they will continue to owe rent, at the rate we set in the lease until we replace them with another tenant.

Have they bought the rate down?

That property won't sell for another couple of years and I messed up and didn't lock in when rates were low and am now paying triple on the interest only payment.

How much down what interest rate how many years is there a balloon what are your financials is he sophisticated how much more do you want to pay.

It's setup so that they are given a limited-term lease, but if they breached that and stayed beyond the lease also states that they would continue to pay the same rate.

Is this still around and if it is at what rates?

Or, if you were doing the work yourself, bill that hourly rate to the property as well?

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I’m doing a rehab now that should net me $800/month when it’s completed and rented at market rate in a sec 8 housing area.