Hi @Shane Miller I ended up choosing to commute from Saint John down there. 

My question is when it comes time to ReFi can I use any lender or bank I choose to do it or are there any restrictions regarding that?

If this trend continues, you'd have fewer and fewer tenants to choose from.That said, the property looks like it'll cash flow even with some conservative assumptions. 

Now you can choose to be a more forgiving bank but it is a system that more low income people understand and it gives you more eviction rights than offering traditional owners financing.

Everybody has different risk and investment tolerances and while they can change with time, experience, education, financial situation etc., it may be the case that investing in RE may always make him uncomfortable and cause him a lot of stress which will undoubtedly negatively impact your relationship. 

It really depends on your tolerance for risk, there are other options such as an umbrella insurance policy or a land trust.

@Stacy MansonHere are some considerations in choosing a Solo 401k plan provider:1.

I would point to the lease that they were authorized for $100 repairs and they choose a $400 repair.

Finding the right solution for your tolerance levels for risk and cost is an important first step. 

Be advised, if you choose to invest with them, you won't be able to get your money out for a few years.