Because obviously there was no skill or courage involved, and houses will definately be cheaper in 20 years. 

If you are assuming the property, you are actually putting the mortgage in your name, and you would need to qualify for the mortgage with the lender.

If you’re serious about private lending, this book is a great way to sharpen your skills and make smarter decisions.Good luck, and feel free to reach out!

The only issue is with a bit lower rent there's a higher number of applicants that won't qualify but I don't mind the volume to get it filled. 

I havnt even spoke to a lender yet on what I qualify for.

Like I said, I may be new but I am driven and ready to continue learning and leveling up my skill sets.  

Assuming this is in fact a good deal, and your friend is a qualified GC, instead of trying to be the lead investor, he should be searching for someone who has the balance sheet to take down this deal on their and be a transactional participant.

They can sharpen skills you already have, or expose you to things you've never even thought of.

You'll be able to maintain most of your capital and you'll learn a lot of useful skills. 

.), spending time with my family, and always continuing to better myself whether that be reading books, being outdoors and exercising, networking, and/or sharpening my skills for my trade.I started my real estate journey in 2021 after a software business I was a partner in had a bad partnership breakup that saw me lose everything (financially).