I am not sure about the property being jointly owned by an LLC, a broker might be able to help you with that too.It makes no sense to me- for most companies, it would be ok to insure my rentals if I rented to a bunch of 18 year olds as long as they weren't in college, and I certainly can't discriminate against students (not that I'd want to!).

Doesn't make sense to pursue this one in my opinion.

No sense going forward if you can't answer those questions.

Pretty common in my experience.

I wanted to go into downtown condos to avoid any vacancies etc. but still that does not make much sense. what could be other areas, type of homes for a newbie to explore ?  

I've flooding my head with podcasts on BP and trying to retain as much as possible, feeling a bit overwhelmed but it's making some sense.

They can of course lower the limit at any time, quite common in 2008/2009ish.  

In either case, does it make sense that someone would fund them 100% or even 90% for that matter. 

You show the property's value through a variety of methods but two of the most common and successful approaches are 1) testimony from a licensed appraiser, or 2) showing that you purchased the property recently in an arms length transaction.

Everything I have read has said HUSTLE every day; send out flyers, talk to agents, look through craigslist, and in a huge market such as Atlanta or Denver or Chicago, this makes perfect sense: there are TONS of properties out there and every day you should be able to find at least something to run the numbers on.