It is a "hard and fast" rule set by the government.

Good to see you on duty Will :)Loans, initially, are governed by the jurisdiction where they are made, not from the source of funds used to fund them.

Does anyone know of a good program or even a good excel template that would do this for me?

There's nothing there that you don't need, books, webinar, educational programs, etc. and (almost) all free.Finally, troll the blogs and forums.

I've been coming across so many different mentorship programs online.

Hey BP community, My name is Rhea and I am currently looking into a online RE program here in CA.

I'm ALWAYS weary of real estate investor systems and seminars because the truth is, if these programs worked 100%, then no one would have time to sell them, they'd be making all their money in real estate and not in sales.The simplest way for new investors to make it in real estate is to either buy and flip or buy and hold.

If the seller is super motivated, you should be able to make the seller-financing case; assuming the down-payment covers any existing payoff (if not, you could do sub2, but I have zero experience with that).As far as question #2 above (N/O/O loan that isn't based on your personal income), I have recently come across Account Closed who has a 30-year fixed program for buy-and-hold.

Maybe check:1) Owner/rental ratio (what loan programs is the association approved for; this is so you can easily market and sell if needs be).2) Section 8 and condos just does not line up for me fyi, so could you get market rate paying renters?

Each percentage point in interest rates the Federal government pays on its debt means over $100-200 billion added to each and every year's deficit.