Hi Brian,Typically Max CLTV (cumulative of first and second position) is ranging from 75-90% on a primary residence.

Who wouldn't want to have theoretically infinite returns with 0% down payment, low interest rates, and have the deal structured for them in real estate as long as they earn 100k+ a year for most deals in the 250k-1M dollar range?

The building is in the $6,000,000 +/- value range and I have a primary mortgage of $650,000 +/-.

This could range based on how much risk and work you're taking on versus their financial input.The key is to be clear and transparent about expectations, like how profits will be split and who is responsible for what.

So if you focus on one city or one niche or one price range, or one type of sale, that is where your career will end up.   

I'm looking in the Central Texas area at SFR, 3br 2 bath and can find good properties around the $250,000 price range.

Whereas the same house over in Manayunk (A class Neighborhood) could be in the $400k-$500k range.

Im located in Colorado’s front range and a total rookie!

@Ian Bower for a 120K loan, it's in the range of normal.

Sounds like you have a good understanding of the strategy.I normally work with clients by giving them a price range of a property they need to buy to get to their desired tax bracket.Best of luck.