You can also close a loan in an LLC under a portfolio product in an LLC with a 30YR fixed or fixed ARM with no prepayment penalty. 

@Monika KhannaWelcome make full use of the BP resources.To gather good info and a possible deal go to IREM.org search for ARM certified property managers.

Oh and the original listing explicitly said "NOT INVESTMENT" but rather a development opportunity....go figure.  

They came back - saw him standing there with arms crossed and gun visible - and drove on.

So if you purchase a property and take title to it, unless that is Subject To, the title to the property to will be free of mortgages and other liens, etc.You can finance the said property, offering the property as security for the loan, your role at that point is a Borrower.Lending yourself money is not arm's length and does not do anything for you.

Plan for a 20-25 year term and an ARM.

Home Possible factsheet  Home possible factsheet shows fix rate has 5% down payment but if you go with ARM need higher down payment.

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.

Please note how ambiguous the sentence actually is:(10) where the purchaser obtains a title insurance policy insuring the transfer of title to the real property; orWhile I will admit, I have not examined many Wrap title insurance policies, however, I think we can objectively see or hopefully see, that we would explicitly have to review said title policy to ensure the transaction is properly insured.  

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.