No way to say for sure since each lender is different and I have no idea of the terms you need or your FICO, but it is typically the prime rate plus a couple of points.

I like the idea of getting a great deal, so should I take a pay cut, invest in getting my real estate's license, go the CCIM route, and find a broker to sponsor me until I'm a CRE broker and earn of the commission and get into bigger deals as a GP?

They love the idea of wealth, financial freedom, but don't want to put their own financials on the line.

Any other ideas for how to solve this problem?

Having a review is a good idea.  

Is it okay to file an extension or a bad idea? 

Do have an idea of your preferred acquisition price and how much rehab might be required? 

I'd be happy to share more ideas, let me know! 

Just to name a few: Borrower's Experience FICO Loan Amount Loan Type being sought: Perm (30 yr ams), Bridge (12-36mo I/O), Rehab (12-36mo I/O), Ground Up (12-60mo I/O) Property Type (1-4 unit, 5+ MF, Warehouse/industrial, Hospitality etc)If you have a specific deal in mind, then you can have a lender (or broker) look at it and give you a better idea.

Writing them down turns your ideas into tangible objectives you can work toward.