Well to do friends want to give me money to invest in RE

[Judd Campbell]

So I have been doing well with buy and hold properties and I talk to my friends about it. I have even debated selling a car to purchase another place or two. Friends from the automotive world have expressed an interest in being a silent partner and splitting the profit with me on my RE investing. They are talking 50-100k +

I have the ability to self fund a few more places but this could grow very quickly with an influx of money. Should I be looking at apartment buildings? I work full time and it is not in RE.

I would love to have my wife stay at home with the kids and manage the rental property but I fear all that would happen is she would call me and tell me to go to XYZ property to check on something. ( no way she is going to do showings, or repairs with two kids under 3 at home.)

How do you guys suggest I even approach this partnership? would it be an LLC? or do you suggest I just ask them to be hard money lenders ?