These are the money partners who are most apt to agree to your terms of 100% financing if you present all of the other benefits they will receive and what safety instruments and equity you are offering with the deal.I have been party to hundreds of deals and have never used my own money and it is still very much a win/win. 

There may be a little misunderstanding of the instrument (Land Contract / Contract for Deed) on your and Meg's behalf.

My dad is a contractor and he has been instrumental in helping me buy my first reo property.

My sister and I run a music school and hope to eventually have our own building.

A carried back a note, but did not record a deed of trust or any security instrument.  

Dodd-Frank is a U.S.A. instrument and has no bearing here.Your lender is not likely going to allow you to refinance beyond a 75% LTV (in which case, you are tapped out) and never beyond 80% (which gives you little in the way of a down-payment - 16.5K).As mentioned in my response to Chad above, you can probably use some of the Tenant/Buyer's deposit, but you would need to have a "plan" {read: access to {near} liquid assets} to come up with the refundable portion of the deposit in the event that things go south.

We are authority figures telling them they can or cant have pets, park here or there, play music loud, pay on time, etc. 

When James moved into the master, he complained about Steve playing music too loud.

Think and grow rich reminds me of the Music Man, the musical.

Bigger Pockets has been instrumental to my real estate investing start and I am sure it will be equally important to my growth.