Your great credit, cash in checking and savings, and property ready to cash flow are the basic conditions to qualify.

The deals that I am doing right now though, I am basically getting the land for free, and building on, refinancing all the cash out at the end, and keeping the rental for basically no money into it. 

Where I see some disconnect is so many on BP that are so focused on buying RE doors that they basically live well below there means and have all this focus on rentals etc and they miss out on a lot of things there is to do in life..

A good starting point would be a 10% 2nd home loan or an owner occupied 5% loan where you can convert a basement or studio into a simple 1 bedroom unit and basically let your guests pay your mortgage. 

I went to his preview event today,  where they give you some basic info, and try to get you to sign up for there 3 day course for $997.

A basic set of subscription docs will cost you, typical $10k+ at least for the first deal.  

We share this 411 at every new agent orientation, it's rather basic info.

Basically, do you understand "Odds". 

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Basically completed just needed some clean up from construction, so to be expected.