Inexpensive, intuitive, and has a lot of good features, including the late fee penalty.

The way you structure your company and how you're going to hold title will affect your ability to borrow and dictate which types of loan you can get, how much down payment you will be required to pay as well as rates, fees, disclosures and prepayment penalties etc... 

Price: $169,900Interest rate: 3.75%PMI: $115 per monthDown 3.5%: $5,947Down 10%: $16,990Taxes to be paid on IRA withdrawal required to cover 10% down, assuming 25% tax rate: $2,761PMI over 11 years: $15,180PMI over 30 years: $41,400Gains assumed to be 5% annually (e.g. money left in IRA, money saved by avoiding tax penalty, money saved by not paying PMI)*Have not factored in inflation, taxes beyond the initial taxes paid on IRA withdrawal, or the penalty on IRA home-buying withdrawal over the $10,000 allowance.

.), seller financing down payment, loan term, seller financing "profit centers" (i.e. interest rate, points, pre-payment penalties, etc.).Thank you in advance for your help!

In short, when you understand the power of the 5,000 year old rules and benefits of the Banking Process and combine those laws with tax advantages of Real Estate and a properly structured IRC Section 7702 contract (which is similar to those of a Roth IRA without the pre-distribution penalties), you now reap the benefits of your Real Estate as well as those benefits the banker gets on those deals where people rely solely on OPM.

Hi-i am a commercial mortgage broker @ Progress Capital,  every deal is different every borrower is different.i can say anything over 6 units,  i get my clients 30 year amortization and rates under 5%. often i am getting 165 BPS over the 5 year, flexible prepayment penalty based on overall strategy behind the refi or purchase and i get my banks to waive commitment fee or .025 BPS for anything under 3 , dm me and ill tell a good plan of action to get the loan closed with a favorable terms. i am actually working with a few people on this currently-Brit  

These loans often carry heave defeasance penalties for exiting early as the investors into the loans are promised a set return whether you retire the loan early or not.

The other downside to an SBA loan is that they usually have harsher pre-payment penalties so if its a turn-around property that you want to refinance within 2-4 years, the SBA will take a bite out of you (Usually 5% year 1, 4% year two, etc until the 5 year mark).The SBA also adds a bit of Bureaucracy to the process so you want o be sure that you are using a bank that has done A LOT of SBA loans...don't be the person that the bank "learns the SBA" on....that will be painful.SBA will also (generally speaking) let you go up to 90% where traditional loans are usually in the 80% range. 

I thought the rule was live in the FHA house for 2 years or pay early sell penalty?

They don't want you backing out early and there are penalties.