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.

When I start looking at buying apartment complexes it'll be up in the Mainland because apartment complexes here are in the seven digits.  

Neither of them were digital but both on main road ways with great daily car counts. 

Arms length transaction???

Thank you for the compliment, I am attracting endless abundance and I am creating wealth with like minded individuals who are receiving positivity and abundance with open arms....

@Anna Greer  If you are not in an FHA loan currently, there are portfolio lenders out there that will refinance your condo into a 30 year fixed or a fixed period ARM if the LTV is less than 80% and if you don't mind a higher than market rate.