Thanks for the responses @Tony Talamas @Brian Burke and @Brian Davis.I received what I think is a very attractive recourse quote that was so far below the non-recourse quotes from Fannie/Freddie and others that I went for it.  60% LTV, 7 years fixed at 3.2% with 4 years of IO.  

I had to drive an hour yesterday to get my phone fixed at the apple store. 

Though I am a real estate agent I do understand that renting has its purpose.....If you’re throwing $1000 down the drain on rent or $1000 down the drain in interest...it’s apples to apples (especially if you can’t itemize).

First CommonwealthFirst Midwest, up to 90% Chicago areaFirst Republic - CaliforniaFulton BankGFA Federal Credit Union 10 yr draw, 10 yr repay, MAGranite State CU, NH 90-100%Great Lakes Credit Union Veritex, Texas HELOCHanscom FCU, FloridaHSBC 70%, for premier clients only Horizon, Kalamazoo MichiganHuntington 75% LTV 5 yr IO product available Hurst Lending and Insurance Investment property HELOC in Texas.

However, those 5 things you listed are apples and oranges to IBanking, especially #5. 

However, bad apples exist in all business.

If you're trying to utilize the extra equity, I'd recommend shopping some more to see what other brokers/lenders can offer you; both at 70% LTV (to compare apples to apples) and 75% LTV.

Rental money vs. mutual fund returns is not an apple-to-apple comparison.

When Apple updated to a recent iOS 6, some users had problems connecting some WPA2 wi-fi networks.

It will get ugly for them when the IO loans end or rates tick up.