You need to be arms length and I found that difficult.

I'm a MHP owner and arms length operator and our lease says some pretty stiff language:3) Late fees: If monthly rental payment is not made on or before the 5th day of each month, Lessee agrees to pay an additional late charge of $100.00.

Has anyone refinanced a 30 year fixed mortgage into a 5/1 ARM?

I'm not following why you would want to do this or what you're trying to accomplish.Generally if arms-length individuals are coming together to purchase, hold and operate rental real estate, an LLC taxed as a partnership or an LP are two legal entities that make a lot of sense. 

I spent a couple hours driving around with a realtor up there whose company also has a management arm and then he took 2 months to get me to a point to make an offer on the house I wanted.

It's a 30 year loan, interest only, with a 5,7 or 10 year ARM.

@Andrew FrishmanLast one I did. 40 Carmel rd Buffalo NY 14214 2 unit purchase nov 2018Purchase price 219,000 with 2% in Sc Down payment borrowed from my heloc at 6%43800Mortgage5/5 arm 30 year amortization 3.875 interest Rehab 16800 put on Marriot rewards credit card and because of military orders it’s 1 year at 4% interest.

He's one of my fave real estate gurus--and he doesn't charge an arm and a leg.Anyhow, I just want to encourage you to be creative, look for the deals (possibly not in your county), and keep on learning!

Also, for simplysafe do I have to arm it every time?

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.