And if so, essentially pulling out prior to six months (even when including rehab costs) means you’ll only get back a max of 70-80% of your initial incestment.  

Essentially I bought a foreclosed duplex property for 270k, and wrapped the 80k rehab into the 203k loan so my total loan amount was $350kAfter I rehabbed it, it reappraised for $500k, so I had enough equity to refinance out into a conventional loan.

Essentially I am looking to subsidize my living situation and be able to move to another property.

Or would it be looked at as a commercial property because it's essentially 5 units and one of them a commercial space, or is there possibly a creative way to make this work, Maybe by converting the space to be used by the tenants?

So essentially they are asking me to get the plans done before I can commit to purchasing the home.

They all essentially do the same functions and charge for the same 'side features' like background screenings, rental estimates, legal documents. 

There is so much demand in LA and a lot of big money, sometimes foreign, who I think are inflating prices and can afford to sit on a property they essentially over paid for.

However, people close to me that currently invest in rentals have told me to stick with the 20 year mortgage, arguing the extra cash flow really isn't that much, and that I'm closer to reaching the point where the rental has paid off it self and the rent I'm collecting is essentially all net.

However, if I am openly asking for agents, I don't see why that should be against the rules (especially since biggerpockets agent search is essentially useless). 

This means that as you save the first 15k will be a wash and while you willl be chipping away at your need for PMI you do not elimiate the need, in this situation you are essentially treading water.Second, there are options that your other loan officer are not offering you.