You can also further reduce the MF by putting down refundable MSDs (multiple security deposits).
I believe you can put down up to 7 of them and each one will reduce the MF by. 0007.
Each will be $1000 in your case.
Someone did the math a while back and it turns out that the annual return in the form of savings is around 15% on the money you put down.
There's prob more info around the forum somewhere