Surely curiosity, and not judging, is what is motivating @Brent Coombs to ask about the CapRate valuation.

I was leaning more towards renting because there is some construction going on around my neighborhood that should raise properly values over the next few years so this would allow me to continue to own the home, continue to accrue equity, and make a couple hundred bucks extra a month on top of it.

Just out of curiosity, are there any agents or investors in the Syracuse market that will be around on January 14th & 15th?

Then again, if there is a chance that the check is going to bounce, it would be prudent of the tenant to send payment early to leave themselves time to resend it and prevent the late fee from being accrued as well.

Yes, my interest rate for my loan is right around 6% and begins to accrue after 6 months of graduating.

I pose these questions strictly out of curiosity.

For instance, if you hold up the refinance while you refuse to pay the fees, the hard money interest will continue to accrue, which may end up costing more than the fees.  

Depending on the situation, you should have millions available to you before you start, also keep an eye on  timeframes that drag on, govt. red tape, small minded politicians, as accruing interest can slowly kill you and if you're not prepared for lots of hurdles developing land  will take you down if not planned for.      

Again, if you can negotiate it with your lender, some lenders are okay with having all of the interest accrue, and is simply paid in one lump sum when the loan is paid off.

He paid me $50 more than he had to since he paid 3 full days late and accrued fees by the day.