. #3, do your due diligence dealing with any broker and don't get involved in note swaps without your being in control.

People hot swap beds. 

Then when your renter calls and says the refrigerator is bad, swap it out and take the old one home. 

Also seems like this lender is trying to swap the DSCR loan rate issue to the property tax & insurance issue to make their product look better.BTW: we're in the Midwest and believe it offers better opportunities than TX market, but one shouldn't have to stoop to this lender's tactics to show this:)

Agreed with Saj, I'm still fairly new to REI too but from my point of view, if you're planning on staying in the bay area then you should either keep your property and take out a HELOC for the out of state investments or if you can qualify, use the 1031 exchange to swap your home for a small multifamily.This way, you can rent out a portion of it (House Hack) and pay less on your monthly mortgage payment.

I live right outside of Philadelphia PA currently, @Alan Wolkov Maybe you and I can swap information or possibly meet up sometime and talk?

And what type of financing products are you using (30 yr residential, 5 yr commercial, swap rates)?

Let's stay in touch here and as we learn more maybe we can swap good info about investing in the east bay.

You can swap rate for fees, fees for rate.

You can swap fees for rate, rate for fees, all day long.Typically most of the line-item fees you are looking at are 3rd party fees.