I’am trying to build Both a bond and friendship with the Michigan investors any age and any background I just want to surround myself with ppl successfully doing REI, trying to be successful doing REI or just people trying to seek more knowledge and network with people that’s real estate investing, the saying always stuck with me that you are the company you keep, so i want to surround myself with positive hard working people that’s trying to accomplish financial freedom or already doing it !

Realize the business could jeopardize your friendship if you don't address some of these potential issues!

You are going into business together; so, it's common to jointly sign documents.The biggest risk challenge is putting your friendships at risk. 

@Gregory Pitts - it speaks for your personality that you don't want to take something for nothing, but mentorship is like friendship - you can't buy it.I have been an investor for more than a decade and sometimes host a meetup as a member of our local group or talk about a topic - and I am happy to answer questions and volunteer my time - but once in a while someone wants to buy me coffee in exchange for some what you have to label as nothing short of "serious consulting work", basically listening to their entire life story and then helping them develop a strategy to go from zero to hero.

It will definitely put the friendship at risk.

While apartment investing is exactly what I do personally, in the interest of keeping a good friendship intact neither one of us is interested in my teaching/training him.

The fastest way to ruin a friendship is with money.Second - I would advocate your lender get a lender's title policy, and their lien would hopefully be the first lien against the property.

You need to find that flipper first  before you would go looking for a deal to partner on and earn their trust / friendship and show them your work ethic… maybe assisting them in their project.  

Look forward to many new friendships and partnerships.

Best friendships have been ruined in business partnerships, mostly because everyone thought "We are all friends...we are good here, we need nothing in writing!"