You can't count on or expect agents to jump through tons of hoops for you.

So with this option you are paying $2,750 none of which contributes even a penny to your equity in the home.With option 2, you pay 3.5% or $3500 but every single penny of that counts towards your equity in the home.If you look at it this way, you are out of pocket an additional $750 by choosing option 2 instead of option 1 but now have $3500 of equity in your home instead of $0.The tricky part is that option 2 forces you to pay PMI which you do not have to pay with option 1.  

If you do let more than one pull your credit, make sure it's within a short time-frame, like 2 weeks or so, so it doesn't count as separate pulls.  

@Karen Margrave is right on all counts. 

We determined that we can't stop the water from coming in, so we have determined that this is too much for us to handle until the rain / snow / snowmelt / saturated ground is over with.I'm sure there is someone in the BP community that has faced a situation like this before, and I'm counting on you to help us out.

Since we are a non profit affordable housing agency, the banks are eligible for a 10% CITC (community investment tax credit) AND it counts toward their CRA points.

My question is, can I count that time as a co-borrower towards landlord experience even though I did not reside in the house? 

For instance, I recently picked up a duplex in Portland, with 100% debt funding (not super conventional), and the reason I am doing this is for cash flow coverage of overhead (mostly debt) and I am hoping for capital appreciation, so I can refinance/pull out proceeds when my kids entertain the idea of going to college (8 years and counting).

@Richard Burke, if you're thinking of moving into one of the units, I reckon you shouldn't count YOUR contribution as if it's cash flow.

I am already counting the days till the next meeting.