A BPO is a Broker's Price Opinion that is usually ordered by a bank when they own the property or the borrower is looking to short sale the property. 

Details seemed odd to me and decided to bring this area of lending or borrowing up for some discussion.THE REAL SECRETS IN LENDING:There are none as to the functions, documents, processing, underwriting, settlements, administration or collections nor to any legal aspects.

The borrower's credit.  

Yes, those starting out, and beyond, who are self employed look for every expenses they can, some exaggerate and that reduces your ability to borrow.

Hi everyone...I'm considering making a purchase of a buy and hold property by borrowing from a family member.  

I assume the seller knows he can get a signature loan or pledge other collateral, in your name as the primary and he being the co-borrower or guarantor, that's fine.

At this point in the process you must assume things will go badly and you and the borrower will end up in court.  

If you have a wrap agreement in-place and registered, the Vendor/Borrower, most probably find her/himself unable to renew/place a new mortgage at the end of the present term.  

Rodney,You and your friend can both approach a lender and co-borrower together against his property.  

Here are some advantages: higher contribution limit, checkbook control, ability to borrow against it...