Now unless lending in Michigan is at the point where bankers are full on embracing the 2008, I can't see any main line bank willing to work with you and offer you the the numbers and ratios you proposed in your initial scenario.

Technology is really good at aggregating data, but aggregate data is not in any way relevant to this particular house right here you are thinking of buying.What technology, exactly, are you suggesting be embraced? 

Relating his income to something that is beyond his contro (% of collected rent) will probably be a difficult concept for him to embrace.

Just some pointers that I wish I would have truly embraced when I was 20!

I'm recruiting him to mentor with me and eventually go in with me on a deal or two.It is just going to suck for a while but I am going to have to 'embrace the suck' as they say in the service. 

Owner is doing financials themselves or has a low-end property manager that doesn’t embrace technology.

I negotiate for agents who have embraced SS because that is where there is least competition and least overhead.

Embrace that. 

I've read so much on leverage and people appear to look for that but, I don't know if I understand it well enough to embrace it?

My advise to you (or anyone else who wish to self-directed their IRA or 401k): understand the rules and embrace them!