I have had the privilege to meet a few investors and counsel some as well in legal proceedings but am looking forward to learning about the ins and outs of the business side.Thanks for your patience and understanding as I learn.Matthew D.

Tell her that you want to get your lease in-sync with the summer rental season (that is your privilege) and you will renew it with her in late June for 8/1/14 - 7/31/15 assuming there are no problems (late payments, problems discovered in June walk thru, excessive drama etc).

If you do it more than that or they can take away your instant book privilege all together or snooze your listing. 

The terms ask that you basically don't sell anything, and that's not what I want to do, but I'd rather not risk my PM privileges.

I had just moved to Chicago from Boston and did the math and realized I handed some clown in Boston about 20 grand for the privilege of living in their basement for 2 years.

However, you'll have to pay an interest rate of between 10% and 15% for the privilege.

The terms ask that you basically don't sell anything, and that's not what I want to do, but I'd rather not risk my PM privileges.

In short, if I have to pay for the privilege of buying the property, shouldn't I include all costs of acquisition?

Not sure what kind or how many properties you are going to acquire, but CA will make you disclose on your tax return if you have an LLC, and how many, and each (regardless of where formed) is going to cost you for nothing other than the "privilege" the state will assert to make you pay for using an LLC.

Even if there is a prepayment privilege, you can still do the refi, however, the numbers may or may not work as well.