If you are planning on refinancing this as soon as possible you might ask about the seasoning period, which can vary between lenders and loan types.As @Tim Swierczek said, for a bread and butter mortgage like this you probably won't see much difference between rate, terms, fees, etc, its mostly about having someone who is easy to work with and who you know will get the deal to the closing table.

@Inga FonderYou didn't tag me properly before so I didn't see your reply and question... :)If your new payment using IBR is $0, and lenders still want to use 1%, then that's an overlay to the actual guidelines. 

There better deals out there, just not as easy to find.

Simple & easy.

Throwing out tenants property without following proper procedures can come back to bite you when the tenant claims there was a priceless diamond necklace in the end table you carelessly threw away.

Neither will the other title company in town.Here is the timeline on this parcel. 2013 - Collector's Deed issued to the city due to a lien placed on it for the expense of demolition of condemned house2016 - Declared excess property by city2017 - Sold at auction to an acquaintance of ours who intended to build on it9/2018 - Owner changes his mind about building and agrees to sell it to us for $5,000Now, $5,000 is no big risk to worry about someone clouding the title by claiming that proper procedures weren't followed and trying to redeem it, BUT we plan to put about $120,000 into building a duplex on it. 

This is not easy to do and requires industry knowledge, but it is more profitable in general.  

The problem with me being handy is that almost all repairs seem pretty easy to me which is why I'm willing to make the repairs myself for a smaller concession from the seller than a typical buyer that has to hire everything out.

I stick with the easy things, and hopefully not time consuming..Garbage disposal, faucet, toilet guts replace, bath sink drain, electric outlets, switches, fixtures.

Very easy to do and it pays our entire mortgage plus a little more.