I presume you mean you, but the meaning was difficult to figure without knowing if you were the, buyer, seller, wholesaler, or lender.

So we are happy to lend to newbies.Once you have a couple of rehabs under your belt and presuming a reasonable credit score, the full 75% of LTV can be considered. 

In theory you are talking to lenders referred to you by trusted sources, and presumably these folks are lenders only and not investors/buyers, so they play a different game than you do.

And since they presumably will continue to have to deal with renting, maintaining, and managing the property after the purchase, their motivation is typically more inline with yours.

Just evaluate one property at a time and decide if it makes sense given your market, risk tolerance, future plans, etc.One point you might be overlooking (not sure if it was covered in the podcast) is that for those us of using Fannie's delayed financing exception rule, the CO-refi amount is limited to whatever the initial investment was, which should be well below 75% of the appraised value presuming low acquisition cost and successful rehab. 

If he/she wants housing for his family he either has to a) agree to a lesser percentage to compensate you for the loss in profits as a result of the (presumably) discounted rent or b) find his own investment property to rent to family members.Should we even get into the trouble and headaches that often arise from renting to family members?

Question for any of you who have done university monster houses:  We're remodeling one and need advice on two things:1) a cost effective keyless lock (eg key fob or code) that we could install on each door in the house (presumably for students) and the front door.

I certainly want to ensure that John is still incentivized but I also want to make sure not to pay 'too much' as he's getting two commissions for presumably less work/time than two seperate deals.Thanks in advance

Also, what will you do with the $ you would (presumably) get out of the sale?

Canada, presumably, would see the LP as a standard "Partnership", and the Foreign Tax Credit for US tax paid should work according to the Tax Treaty.I am no tax accountant.