Same for multi- 65% leverage is pretty common right now, but I even see some pitched at 50-55% leverage.I will say almost everyone lies on the syndication presentations, or they make it look really good. 

Have you dealt with the scenario where the Tennant stops paying, and they're doing it in spite?

Like some of other posts have said, this is a tough scenario.

Main thing for you is: - Have both you and your buddy talk to the same lender and get pre-approved to understand down payment options and what your combined budget would be- Decide how you want title held (joint tenancy or tenants in common) - do a google search on this to see which option is best for you guys- START SHOPPING!

Quote from @Adam Hoeker: Software is a common question on BiggerPockets.

Thanks Jasper for the information, yes, I'm interested in meeting Canadians here, whether they're investing in the US or in Canada, a lot of common interests on many fronts, taxes, that you mentioned is a big one of course.

Quote from @Robin Simon: Quote from @Chris Seveney: Quote from @John ONeill: Compare and contrast private money loans and hard money loans.Discuss scenarios where each type of loan is most beneficial.Please share experiences and preferences. 

Understanding the market helps to create common ground for us to meet.

Is the lawyer just being extra, extra careful...or are there typical scenarios where having it registered in NV will help for a property located in CA? 

I've seen several other lenders reply in this chain, including myself, who could all provide you with rough term scenarios, but first I'd talk with your current broker and lender to see where the real issues stemmed from.