So I'm looking at all the options for buying my first home. The main reason I want to buy is so that I can have my own space finally. I've gotten to the point that I want to be able to do whatever the fuck I want with my own stuff. I'm also tired of renting. My complex has had a rash of thefts, break-ins, and overall living conditions have shit the bed. I have VA (veterans affairs) loan options which allow for 0% down, 0 PMI, and limits to closing costs. So a few questions. A few caveats. I don't plan on living in the home more than 5 years. I'll either sell and move or rent it out. Mostly because I don't plan on working in the same place. I can afford more than I'm willing to pay but I want to remain "within my means" of spending. I'm not an idiot and don't want to finance at 60% of my income. 1) I'm considering a 5/1 or 7/1 ARM. Has anybody done one of these? 2) If i go the 30 year fixed route, what is considered a "good" rate? 3) Do you guys have and tips or best practices?