@Vaughn Franklin  Maybe I'm reading this wrong, but it sounds like you may be anticipating in an instance where you don't need to.   

So for the duration of your loan, you should be able to anticipate your mortgage payments and to make projections in line with our objectives.

All disclosures aside, I do anticipate 3 MORE rate increases from the fed this year, maybe 4 @ 0.25% each. 

RESPONSE: Anticipate you’ll need about 3.5% - 4% over and above your Down Payment if using a Conventional 5% Loan. 2.

You can use your 1031 with mortgages as you were anticipating to buy whatever assets in whatever quantities you want to complete your 1031 and boost your ROI.  

I'll echo what others have already said: I charge a minimum commission on cheap properties, and that can vary according to how time consuming I anticipate the deal (and sometimes the client) will be.As a broker, even I will agree that a great many agents are grossly overpaid, and marginally competent at best.

I would tell them to create a replacement budget and timeline of anticipated replacements.

Overall, the hack has gone well, and I anticipate living here until I can find a tri/quad plex to hack next.

Just a comment on CMBS:Unless you're going with a conduit who has a capped cost program, a CMBS deal can run up some pretty hefty due diligence costs - $30k-50k deposit due with a signed term sheet (majority is anticipated legal fees).

I am a single member LLC and anticipate not paying myself until the end of the year.