1 is pretty straight forward but 2 and 3 I haven't had experience with that yetHow realistic is it to find a lender that not only would lend 100% but also for 6-12 monthsAlso, how strict is the 6-12 month "seasoning" rule - like if I own the property for 6 months would a bank even look at my case and want to re-finance me knowing that I am in Canada and un-employed?

But, if it's strictly him contributing money with no power in the partnership, I probably wouldn't care.

It's also 10 times more regulated than RE, break RE laws you're probably looking at state laws, break finance law, it will likely be federal law. 

I realize people come from all backgrounds, but I am talking about if one wants to eventually make say, $1 million+/year, for example, strictly from real estate. 

Rules and Regulations.......well, I am, to the extent of understanding how to stay out of trouble.

There can be state parameters but the rule is that whichever is more strict prevails.

Syed:Here are a few reasons:population of Canada is about the same as the state of California;mortgage arrears in Canada are historically <0.5%, defaults are <0.30%;Canadians are generally well condition to use a real estate agent;privacy laws in Canada are more rigorous - so things such as foreclosure lists, probate lists, delinquency lists are difficult to compose and, in most cases, illegal to sell;financing regulations are different and lenders have an obligation to seek the best return on the sale of a property (particularly in provinces which use power of sale - such as Ontario) and, for that reason, will list properties with a real estate broker (on MLS).

Some states and even cities have regulations regarding tenants, such as landlords having to accept the first qualified applicant. 

If you look at it strictly from a business perspective.Remodeling for you has no value.

Residential is more highly regulated.