So does the benefit of making let's just say an extra 30k a year living outweigh the less attractive commercial rates?

If that outweighs waiting whatever time you have to until the minimum time frame for PMI has passed, I would wait it out.

I definitely do not think it's necessary to have a license to invest in real estate, but I think the pros outweigh the cons.

Then renewal fees every year can be a burden but again at this point in one's REI career, the cost is outweighed by the opportunity.For a simple breakdown, here are the pros and consPros: MLS access, not reliant on someone else to see the MLS or to literally go view the property, ability to make money off of it, list your own deals..Cons: Fees (annual and upfront), continuing education of laws and regulation (i.e. time not spent on finding deals), always legally disclosing you're licensed, dealing with brokers taking a %Now, these aren't all the pros and cons but certainly some popular ones.

Owner told me he wants them out no later than the 15th.... personally I think that's super strict and doesn't outweigh the cost SAVED if they left before court date (27th)....

@Alex Shaughnessy it's a fair question if you don't know the answer but the answer here is that no, the tax benefit does not outweigh the interest rate difference.  

You may have a legal case, but the fees may outweigh the end profit.

In your opinion do the pros outweighs the cons or vice versa????

And is does that need to have it now outweigh the potential cashflow when the loan is paid off?  

These tend to be fairly expensive so cost can outweigh the benefit, but it is an option.