But if he has passions, he should pursue them.

I just graduated from college in June with a degree in mechanical engineering, but I've found that my true passion and interest is in real estate.

I made a video response for you since this is a pretty involved question =)https://www.loom.com/share/a3736c9f04a14d96ac3392c66eec07dc?...

From what I can see MLM's are insignificant compared to his passion with real estate and key note speaking. 

Tons of videos to learn

I will do a podcast or post a video or share my realtor partners content to help them gain additional reach.

When something is your passion, do you really ever work?

In doing this you've likely committed fraud since your entire intention was always to close with the 2nd at 100% LTV...I've watched the video where Pace describes this and in essence he says that treating them as two separate transactions is fine and there's no need to tell the lender.

I did a video on it on YT (not sure if I can post it here but send me a message and I'm happy to send it to you).

I'd recommend checking out their Youtube videos that display walkthroughs on how to use it.