You may find that you just have to wait until you can put 20% down and avoid PMI altogether, which may make it better to wait until next year depending on your situation.

I would raise it and make it a flat fee.

My uncle wants to rent out a flat.

That's a good option for when you are out of paper checks, or they do away with them altogether. ;)I'm still comparing features to pricing across some sites to see what I "want" vs "need "vs "didn't know I needed".I do like that you have a paper option for account setup for tenants which don't have a computer or smart phone (yes, I have one of those, but I'd like to convince him to convert).

You get maybe every 4th lead to sell yourself or you get a flat fee or % per house that you are able to close and get under contract.Again... it's just being creative, resourceful and jumping out of your comfort zone.Good luck and enjoy the journey!

Have you considered giving up on the carpet altogether and replacing it with vinyl planking (i.e., Allure). 

My uncle has a couple of flats that he wants to rent out.

Am I right to just flat out say "No"?

Also, I found out I have to replace the flat roof over the garage/studio, so I thought, well, if I have to replace the roof, why not put a second story on it.  

I can then decide if I want to continue under the same agreement or get a reduction or back out altogether.