If the mortgage broker can actually get you incredible terms not offered anywhere else the fee might be worth it.I have clients on transactions pay me more money as a commercial real estate broker than what is being offered by the seller sometimes as I have a minimum fee I want to work for or I turn down the business.

I wouldn't do this right now given the current environment unless I was getting a really good deal.

Teaching is a necessary nuisance in a research based (funded) environment.

Thanks, Mike, for this incredible detail and experience that you've shared with us.I like your business model and am putting you on my "partners to watch" board to see if I can pick up some PDC deals from you in the future.

This is also where they claimed that we had harassed them and made it a hostile living environment when we asked them to be quiet.

Another option in this environment would be to do a cash out refi (at a fairly large interest rate eg 5%+), then six months later refinance again at a significantly lower rate (eg under 4%) using a standard refinance.  

Any idea why I'd get quoted above 4% in such a low rate environment (Credit Score > 814, LTV < 75%).

Another popular saying is 80-90% of real estate out there is sold by 10% of agents, meaning because the barrier to entry is so incredibly low and there are SO many agents, unfortunately many just end up struggling and don't "make it."

Sounds like whether I'm at 45% DTI or 50%, 80% or 90% CLTV does not matter.Would love some perspective from those that have dealt with this in today's environment. 

You also get a strong location with an incredible tenant base and great schools.