Here, once you have an account and a bit of lending experience, you can access the online, fill-in-the-blank templates to create your own set of documents. 

Eric,They are using rules that take those into account.

Good for your account in theory, but you really need to understand what is driving that cal rate for that area before purchasing a property.

This means 20-25% for a down payment, and it has to be your money that you're using (verifiably in an account that belongs to you).Though there are programs that lend up to 90/100 to first-time investors, those programs usually don't work in Maine due to the rural nature.

He had uploaded screenshots of his bank accounts. 

For example:- Lender drops the LTV to account for additional risk. - Tenant agrees to either start the loan with recourse, with it burning off after the extension is signed, or start the loan as non-recourse with a springing trigger if tenant does not sign the extension soon by a certain deadline. - Lender requires a heavy TI/LC reserve until the extension is signed.

He has paid rent weekly via auto-deposit into my account for 24 months.  

How can I get comps, both sale and rent comps, for single and MF properties without having access to MLS? and without being a real estate agent. Any recommendation is highly appreciated. Than you 

However, after running the numbers accounting for insurance, PMI, taxes, vacancy, capX, property manager, etc. the property is estimated -1.85% cash on cash return (-$600/mo) once I fully rent the property.

When a self-directed IRA borrows money, the IRA account owner can't sign a personal guarantee.