If the ARV is actually higher than the 1% rule then it is not bad to have that extra equity, but the more that is borrowed against the harder it could be if the market softens. 

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

I don't see why they would cancel the deal if you're at the finish line and just need an extra week.A good portion of a Mortgage Broker's job is expediting this process and keeping everyone in check. 

Eliminate all extras in your life so you can get your first down payment and closing costs. 

I am learning that Real-Estate consists of a MANY different aspects that are ALL so essential to the business, which almost makes it imposibble to be that One-Man-Band that so many of us feel we need to be.

I don't think I would tell my job what I am using it for just because some companies have policies that don't allow employees to work second jobs or run businesses.How much extra money would you be out if you took the commercial loan and then refi'ed once its liveable?

I will in 20 yrs though when they’re all paid off by my tenants.Goal is to pick up extra shifts, keep buying/accumulating rapidly for cash flow before lifestyle creep sets in and I have to buy a mansion and a couple Teslas.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

We unexpectedly (and now thankfully) ended up in the Vet Park / Sunset area and have been AirBnB'ing our "extra" unit with amazing results thus far.  

Your inspection period should be five business days and starts the day after mutual acceptance, so if you timed it right, you could gain extra days there (check the contract).