Also, I know there may be some who will talk about the perils of joint ownership with a family member (which I completely understand) but I am merely looking for a clinical, dispassionate and scientific approach to this issue.Thanks in advance!!!

In this regard it is noted that General Obligations Law section 5-701 (10) specifically exempts licensed real estate brokers and salespersons from the requirements that such agreement be in writing.The contract of employment may be established by facts showing, in the absence of an express agreement, a conscious appropriation of the labors of the broker, and in some cases by the mere acceptance of the labors of the broker.

Some are merely just better than others at clearing the transaction. 

I believe that the policy holder can borrow against it up to some percentage of the total benefit.

People understand that this is merely a transactional relationship at that point.REIA and meetups are nice but you need to pick a few niches and focus on them.

It does not matter whether in your mind you really intended to state a falsehood or not, merely that what you said turned out to be incorrect is sufficient.

Purchasing at asking price would mean PITI would be less than half of the high end range I can get for rent, from my research this is very hard to find in Jersey (Jersey taxes are high).I did not do much research for the agent I am using, (in fact the agent I called sent his partner to show me the properties), I merely am using them to show me the properties I found.

...and we are mere days away from our prop tx bills here in MKE...Oh, the excitement!

Is it unwise or is it a bad deal if they buy something that doesn't cash flow and is merely paying down equity on a 10 year note?

You will more than likely buy properties that will merely break even or even be in the red.