Should I offer to invest?

[Jessica Elaine]

Hello guys,

I have a friend who has a home in a very prime location. It's literally across the street from a top medical university. My friend was living in this home up until his mother passed and has since moved back into the home his mother left in his name. Now he's trying to turn his other house into a rental property (apartments). However, he's struggling trying to pay both mortgages . He's also having a hard time finishing the renovations. I've given him some money as a friend to stay afloat but now I'm wondering if somehow this could be an investment opportunity for me.

I can't afford to give money away for free but, I honestly think that once the apartments are finished he will see good profit if priced right.

I asked him in passing about his rental property and I suppose he caught on. He's already asking how much I am willing to invest. I just have no idea where to start on something like this...or even if its wise to do so..

My questions are:
Would you invest in his rental property?
What type of deal options do I have? ( I.e. Pay for materials, Give Loan w/interest ,Help pay mortgage, etc)
How would you approach him with the deal? (Tell him what I had in mind?)

I appreciate all advice.