With commercial mortgages, they often have a 5 year or 7 year arm; ours is 7 so we have to be really disciplined about trying to pay that off at the end of that period or be forced to refinance and hope for not too big jump in the rates.  

I understand that most of this can be found out by making my own mistakes but I'd like to go into this armed with as much info as possible.Sorry about the long post and thanks in advance

I don't need top of the line and don't want to spend an arm and a leg either.  

Her real name is Joanne Musa and her website asks, smattered with bold type, “Do you want to make double digit or high single digit returns on your money without the risk of the stock market?

It was meant to be a call-to-arms to demand better export options from property management software packages.I have reposted as:"Property Management Software Can't Export Transactions"

Deal details:Short sale homeAgreed sale price: $17K3rd party listing agent fee: $10kClosing cost: $3kTotal: $30kLoan details:$30k15-year 3/1 ARM @5.7% 20% down ($6k)Monthly breakdown:Rent: $650P&I: $200Ins: $110Taxes: $77Expenses (50% rule): $195Total Monthly Expenses: $582Monthly CF (650-582): $68House needs no work.

I'm currently looking into 3/1 ARM loans (2.65% interest from local credit untion) to purchase and sell some fix and flip houses, rather than a a conventional 30 year fixed loan (3.9% apr)  to save on interest rates.

ARMS aren't that risky if property managed, right?

If you have ARM or balloon loans, and have to refi, you may end up losing a house unless you can put cash in to make up for the low value.

Deal details:Short sale homeAgreed sale price: $17K3rd party listing agent fee (company called LMS Management): $10kClosing cost: $3kTotal: $30kLoan details:$30k15-year 3/1 ARM @5.7% 20% down ($6k)Monthly breakdown:Rent: $650P&I: $200Ins: $110Taxes: $77Expenses (10%mgmt, 5%capex, 5%maint): $195Total Monthly Expenses: $582Monthly CF (650-582): $68House needs no work.