Range 6.5 to 7.75 30 years depending on your credit score and the debt service coverage ratio.In choosing between the bank and a funding company you need to consider the following.

With your concern, you should first look at the "insurance summary" which will tell you what liability and other coverage the association has, in the event of an incident.

The coverage needs to be in the LLC name because the LLC would be the owner on the Title.I would also suggest reviewing the things you will need to do (sepparate bank accounts, etc.) to keep the protection of the LLC.  

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

That is why the debt service coverage ratio option exists.

And to protect your investments, having an up-to-date appraisal and insurance coverage offers added protection and peace of mind."

Illustration: 4 X 1,250 = $5,000 * 75% = 4,000 / month - 1 unit for you to live there = $3,000 in debt coverage. 

Or will it supplement your retirement? 

From all the lender I've talked to they usually require a 620+ Credit score, 20-25% down payment and as long as it has a 1:1 coverage Ratio you can get a 30 year fixed rate. 

Many home warranties require you to pay for upgraded coverage for items such as refrigerators and garage doors.