We're currently speaking to 2 out-of-state lenders who are both offering a 5/1 and 7/1 ARM amortized over 30 yrs, 3 points and averaging about 6 1/2% interest rates.

I know that my "margin of safety" is a little tighter because I'm not seasoned with a large amount of capital available.

Since you're new to being a Realtor also saving the 6 months of expenses is a good safety net for yourself.

In general, the most common portfolio type of loan is a 20 year ARM. 

There is a lot of arm-chair landlords on here that won't spend one hour of their time a year or one dollar that they don't absolutely have to.

I have many times had them require repairs that had nothing to do with habitability or safety. 

Hello All,Looking to take the leap into REI in 2019 and am attempting to arm myself with as much knowledge as possible.I am currently reading “Difficult conversations”, any other suggestions?

Below are details: Loan:400k30 yr fixed rate = 4.5% without points 10/1 ARM = 3.5% without points The difference comes to $250 per month.Please advise.

@Paulo Aguilar Blanket loan will have one loans with arm which you have to refinance after certain time depend on your lender.  

(zoning, building safety, environmental, code compliance, flood control, etc) This process will require some patience because you will need to contact each department individually and the left hand does not always know what the right hand is doing, but it is worth the peace of mind to know the park is 100% in compliance prior to closing.