Do commercial lenders require that a borrower's net worth equal or exceed the property value?

You seem to have a good handle on what assets you bring to the table for your investments (time & money being important assets).Buying in cash doesn't equal a passive investment.

When I say active it does not mean you both have to do an equal amount of work but both of you should be on the debt and have separate active roles.

If not, there's programs available that base it off just the rental income, as long as the monthly rent is at least equal to the PITI.

We drew up another agreement that included 37k as the subject to/HELOC balance and 63k as the remaining owner financed amount, equaling $100,000.More comfortable with the terms, I pitched my brother the deal at an Airbnb on his birthday weekend.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

YUP i owned two homes in Palo Alto and one in Milpitas.. had i just kept those at what i paid for them..  80k  180k and 500k in the 80s.. man and they would have cashed flow equal to owning 100 plus doors if not more.other thing i would have done is bought more land to hold in the path of progress like the property i bought in Rohnert park. 

Being able to talk through issues with fellow professionals is vital as well.

Having the right handyman, electrician, plumber, and carpenter on speed dial is vital, which can help limit your need to be physically located near the investment property. 

So,  if you spend 1.9mm (assume tax appraised equal purchase price) then you're property taxes are going to be about 47.5k/yr or ~4k month.