Last one I saw closed on a 7/1 ARM and the rate was 7.2% with a cost of 2 points origination.  

Explicitly saying dog is Tenant's sole responsibility and should not be allowed to wander off without Tenant's supervision and on a leash when outside of the enclosure.3.

Around here anyway the construction company wants to charge you an arm and a leg to build it.  

HELOC and 10/1 ARM.

I am seeing 5/1 Arms in the 7s interest only with a 3 year prepayment penalty. 

"Started from the bottom now we here" level now.I know we all here share plenty of advice to stay away from certain products or risks and projecting your personal reasons of why you don't want to invest in this, in that, etc.I know all investments are hard work and dealing with people and responsibilities are hard work, but I want to know who actually is pursuing such properties in such neighborhoods with open arms and actually enjoy it and love the results in such D class and enjoy managing them.

The unique nature of non-traditional investments require a different type of servicing model.As @Jeff Nash indicates, there are rules that need to be followed, namely around keeping things at arm's length and exclusively for the benefit of the IRA. 

I am not trying to scare you but isn't a theoretical risk or a broken arm or leg.

You could do it with a hard money loan but it will cost an arm and a leg

So, with @Naveen Kumar's example, if you purchase an off-market property in an arm's length deal at 100K and have a 90K mortgage, but with some sweat equity and a month's work, an appraisal could peg it at 120K, will you be able to have that appraisal ordered and rate and term out of the purchase loan at 75% LTV?