Pros - Higher rents than renting to a family, I can pop in anytime to check on the place, if one guy moves out, I don't lose the whole rent, no wear and tear from kids or pets.Cons - Higher turnover (I usually do month to month which also has higher rent), potential for parties (but I screen very carefully so this has not been an issue at all), parking, roommate drama (rare with professionals).Just another option to consider.I'm a mortgage lender myself and I wish we had a 90% product like that MACU loan!

There are commercial products out there with 30 year amortization to help keep payments low and you can cash out between 70-80% LTV.To answer part of your other question. 

No need to worry about what interests rate will be in 5-10 years which is an issue with a commercial product.

She had e-mailed me, telling me a male friend was coming to visit from California.

My two cents on having a r/e license...

I am a long time customer who has derived immense value from their product.

You have to stay competitive with the market, both in the product you're offering and the price.

@Brett Peters welcome to the liquid gold taxation.

However, you may want to relax in the 5-10 year timeframe.Another thing that is unique in real estate is that many real estate loans balloon between 5-10 years giving another reason to liquidate the fund.

A bank letter, bank statement, liquid 401k, and many other forms are all acceptable.