I’m interested in learning more about real estate investing, my goal is to own a rental property here in California or maybe even our of state.

My intention is to keep it as a rental property so my question to you is what will be the better financing option. 

My goal is to get started with multi-family properties. 1-4 units.

If your rate adjusts higher in 7 years, you have to weigh that against your short term gains from the lower interest rate and figure out the time differential, which is to say how long past the adjustment you are still technically ahead of where you would be with a fixed rate.

Another great way to find motivated sellers is to network with Realtors and other investors and letting them know you are buying distress properties. 

My goal for the end of this year is to buy my own home and my first rental property.

@JD Martin My ultimate goal is to be a full time investor.

My personal mission is to own nice properties that create an income.

The best wholesaling advice I give to people is to try something else instead is speaking tens of thousands of dollars on marketing to get one deal.

If it's part of the written contract, the title company can withhold the funds from sale proceeds.Now that you've already closed, your likely option is to sue in court.