Because the program is about educating people on investment properties, does that mean one will have to spend time searching for properties on their own, using the methods/advice provided?

Also since its a rental you definitely want umbrella coverage as if someone trips and falls, you would not be covered by insurance and could be on the hook Chris-Not sure what you mean by any of this...are you an insurance agent?

This is a baseline requirement for Fannie, meaning that any lender who sells to investors using Fannie guidelines will need to follow this.

NOT trying to be " mean".

I definitely keep listening and reading books about real estate in the meantime. 

Keep doing what you're doing, wait until you're accredited.

Keep in mind that a property in Spain on average costs around ~180.000.

It almost look like you a little or negative cash flow and look at tax benefit to justify keeping it. 

Or increase the LTV to 80%, keep the same rate, slightly higher points (2 points) 

:)Jason I think you will struggle to keep your clients happy.