Give him the "Cripple discount" and allow him to live there an extra month while you own the property.  

So if I put down 30k i still have to borrow 260 @ 12% which comes out to an extra $28600 on top of the 290k I need to buy and rehab it.

You'll have the place rented now, and the extra 2 months will cover some vacancy on the back end.

Hey South FL folks,I have an extra ticket for a 3-day Than Merrill's seminar for this weekend (3/26 - 3/28).

I don't believe that I'm getting any extra liability protection by doing so, and I'm not sure that you can transfer an agent's license into an LLC (in Ohio), anyway.What would someone buy if they were buying your LLC that had your personal real estate license in it?  

The great thing being, when we decide we need some extra capital for something, we just cut that out for a couple of months. 

If you need a permit that will be extra. if they have to fetch materials that is extra.For example this is kind of my 'max I'll pay' for various things based on past experience.

Question 1: see aboveQuestion 2: Refi with a 30y loan and pay 200 extra towards principle (17 year loan at that point), or a 20year loan, no extra.

The truth is that some of what you learn will not be used in your day to day practice (i.e. - how governors were elected, how many seats are on the state board, etc.)  

The truth is, working with most investors, especially new investors, can be a losing proposition for a real estate agent.