Since I knew the backstory and saw the news about the police raiding the house used for birthing babies by pregnant Chinese Women, I don't like their (FCI's) products.

looking for a local portfolio lender in the Cincinnati OH market that can offer a 1yr ARM product with no pre payment penalty on owner occupied property.Also, looking for similar product in Atlanta GA area.Thanks for the guidance.

It makes all the difference in the look and feel of the finished product.

I'm a fan of b/c product in A locations or infill areas that will be A in 5-10 years.

You'll do smarter deals and get better financing by waiting a bit.here's a payoff calculator: http://www.timevalue.com/products/tcalc-financial-calculators/credit-card-payoff-calculator.aspxI also suggest looking for an owner occupied duplex/triplex/quad for your first purchase.

It almost makes me want to deal with the tenants myself but I don't know if that would be the most productive move either.

Is there a lot of distressed product on the market?

Extended lock options vary and are designed to add value to both the buyer and the builder since it gives the buyer insurance against future interest rate risk and the builder receives protection on their accounts receivable/inventory.If you're obtaining your own construction loan and take out/perm financing in one package, local/community banks may be a better option for owner occupied construction or spec build financing products.

The sponsor there has been very good at updating us on the progress and just this past week sent pictures of the finished product that is now on the market.

Their product is money.