Finding an RMLO is NOT easy that will sign off on proving the "ability to repay" but they're out there.

I'd look at the ability to ask questions and what kind of personal attention there may be.

What is appropriate is a properly constructed package built on a solid commercial policy form with the ability to offer appropriate coverage for assets under any stage of occupancy or renovation, a simple monthly reporting format with no minimum earned premiums, the ability to waive co-insurance requirements, with no location limits, with the ability to insure multiple controlling entities, offer coverage in all 50 states, special form coverage with theft and vandalism and the ability to actually reduce premiums incrementally by aggregating locations, just to name a few little things.Hope this helps.

See http://www.generalrealestateacademy.com/Learn the ATR Rules - http://www.consumerfinance.gov/regulations/ability...It does piss me off there is not more guidance for investors from the cfpb.com about selling on terms for home owners and what type of transaction needs a rmlo and what type of transaction does not.

the way I have gotten a new start in REI is to leverage my (decent) writing ability to help my partner find new investors online.

My first thought was all that knowledge and mental ability yet most of those I met had actually accomplished very little in their lives, the highest IQ there had been a night time janitor for 30 years and didn't apparently spend any of that time trying to solve some problem of some kind, definitely not an Einstein, they seemed happy though.

What you're describing feels like commingling personal and LLC assets, and may threaten the ability of your LLC to act as a legal barrier.  

I filled it out to the best of my ability and she said she would turn it in yesterday or today.

For example, if you only have a couple properties, don't jump into a million dollar property unless you have the ability to recover if everything goes wrong.  

I'm going to use a bit of analogy here...For a real estate investor, a spreadsheet or calculator is a tool...Just like a skill saw is a tool for a carpenter...As a carpenter apprentice, you should learn the necessary 'skill sets' and 'crafts' to safely and responsibly use your carpentry tools to provide a professionally finished product for your clients.As a new real estate investor, one of your main 'skills sets' or 'crafts' that you should develop is the ability to analyze the financials of potential deals.