I like this idea as a theory but is there an ultra conservative compromise, say 50% LTV?

I attributed a vacancy rate of 15 percent in my analysis being ultra conservative to protect myself. 

Ultra-super smoking red hot market. 

Read it and apply it.There is one site in Boston, Treveor always boasts about ..

Between us two, Mike, I'm not the one to boast myself as hollier than thou; someone else was.

Last time, those residents in Palo Alto boasted their home price will never drop experienced a bubble 2-3 years after other neighborhoods.

They may be ultra conservative since you don't have a long history in rentals and/or because you are a woman (it happens).  

So on behalf of anyone that has come upon hard times, I'd like to say "we don't want your pity" and I've got a suggestion of where you could stick that wad of cash right now which you boast about in your post.Ohh and if this reply was "too lengthy" for you...

Not knowing how you're going to finish the 22-story ultra-modern high-rise is a bigger problem, but it's also a better one.

A 10 year balloon would be ultra rare unless (a) you have a rock star relationship, and balance sheet with your bank or (b) you can broker the loan into a CMBS product (this won't happen in the sub $1M category).If it makes sense to refinance now into another 5 year then by all means do it.