What am I doing wrong? 

Did I say anything wrong ?

You have to make your personal decision, considering the time and effort it will take you to DIY it; the risk of it being done wrong, and the potential opportunities you might miss by not letting the pros handle it for you.The more expensive your property is - the more reasons you have to hire professionals.

If your initial budget is wrong, everything that follows is wrong (“garbage in, garbage out”).

One wrong move, one wrong contractor, one wrong vendor…will erase any "benefit" one city has over another.

It is one of the strongest ways to ensure that if something goes wrong, they have a legally enforceable path to recover their funds.

Hey @Mose Gebremeskel, I don't think there is a right or wrong answer here, I think either choice has different levels of uncomfortability and it comes down to which one to choose.

Most investment mistakes don’t come from buying the wrong property.

Am I wrong to think that by default my loan would be reset to another fixed rate for the next five years, and then another rate reset, then the final reset... so what is left to discuss or negotiate is the rate itself?

It is one of the strongest ways to ensure that if something goes wrong, they have a legally enforceable path to recover their funds.