We have 2 loan scenarios: FHA with 3% interest rate and 3.5%($17,000) down BUT we have to claim $150k of income on our tax returns for 2 years and pay IRS 70K (2 years worth) total in taxes because we are self employed. 2nd scenario: private lender offering 4.5% interest rate with 5% ($27,000) down 8 year interest only loan converting to fixed thereafterwhats the wise choice?

If you can’t agree on a price that you are happy with then your only choice is to cancel during your due diligence period.

You don't buy BRRRR's, you buy SFH that turn into BRRRR's, so I'm not sure what the real question/choice you have here is.

Curious what the BP community thinks of having smart devices like this in higher end STR or long-term rentals?  

We have thought about finding a partner to invest,  but my wife is not fully convinced that a partner is a good choice because neither of us know how to get a contract for that type of thing written up and she doesn't want to be taken advantage of. 

@David Cozzi 3 ways people typically enter multifamily, your choice :Scale up slowly, learning on their own. duplex, quad, 10 unit, etc.Buy a Mentorship and network. 

I suppose most would say that they wait to see what the market is doing at the time the variable interest rate kicks in after about 5-7 years but wasn’t sure what options are smart if interest rates are high and start to make the property less profitable, like refinance or selling etc.. thanks! 

So we are looking for suggestions/recommendations for smart, progressive clearing house linked financial institutions in the midatlantic region (NY, NJ, PA) that work well with progressive small businesses. 

Thanks You have two choices. 

Again, not illegal, but a choice that is made by the end buyers lender which then makes it more difficult for the wholesaler unless you fund the deal yourself or utilize transactional lending.