They may dig in their heals or they may be smart and realize that their kids name on a police report isn't good. 

If you are willing to house hack, that one choice will put you so far ahead of most investors acquiring their first property, you can hardly quantify it. 

If given the choice between two loans, which would you choose and why? 

If he has a fit (which he may), maintain your composure and explain that HE has left you no other choice.  

First and foremost this is your livelihood and at this time I'm self managing 64 doors.How I got into real estate is a totally different story but one probably not unlike many others.I made a very bad business agreement with a couple of very smart talking business types and we started a remodeling company (siding ,windows ,kitchens and baths).

Now they have a choice of selling for top dollar and paying capital gains and depreciation recapture taxes only to put the proceeds in a .8% CD or hold as a cash flowing inflation hedge and allow their kids to inherit the property on a stepped up basis.

Hey Everyone question, renovating property in NH and we have the option on switching from gas to electric and was curious if this would be a smart move?

With what you are telling me, I think it would be smart to buy a Multi and live in one of the units. 

Depending on where you are purchasing and other criteria, you could use a USDA loan and do 0% down.Lastly, major banks aren't the best choice, necessarily, for loans anymore. 

If you have never owned a park before, buying one in your own backyard is a smart idea, so that is a plus on this deal.