You can structure it to where the tenant is responsible for all the repairs but be careful, if there is a major repair right after they move in they may think that you sold them a lemon of a property with pre-existing conditions that were kept secret and that could create big problems for you.

An MD at an investment bank will chuckle with the typical elevator pitch done by most real estate "investors" but a private individual with whom one has a pre-existing relationship (and limited real estate knowledge) might be intrigued. 

Its completely feasible the issue you are having is new and not preexisting.

The initial goals of the workshops would be to present information to open them into the concepts of using retirement money for investing, and to provide them with the sites of the companies that are admins/custodians of these type accounts, so they can do additional research, and to also point them to the SEC info.In holding these workshops, I'm looking at establishing “Pre-Existing” and “Substantive” Relationships; realizing that this is a long-term strategy.With the idea of it being passive for the investors, my thought is for them to invest in my LLC, and then the LLC buys assets, which I'm thinking to focus on commercial; possibly businesses with strong cash-flow that are also selling real estate as part of the transaction.I'm also thinking, in the workshops, to possibly include those with equity in their properties.

., and I was new to the city so had no pre-existing SOI.  

Thanks for your feedback, I hope to be in these talks in the foreseeable future.You don't have to be accredited if a) you have pre-existing relationships with a sponsor and b) that sponsor does 506(b) offering that accepts sophisticated investors. 

But since I don't have a "pre-existing relationship" with them, they won't accept my money.

@Tiffany Ralston - I use the marketplace and for silver level coverage (80% coinsurance and a doctor visit is like $25 with prescription coverage) it is $500 / mo just for meI don't have any pre-existing conditions and do not take regular medicationIf anyone has a better / cheaper solution I would be open to hearing it 

1) I would advise against going into business with family or friends, when large sums of money are involved somehow people just become irrational and take advantage of pre-existing relationships... but if you insist I would highly recommend that you write up some type of partnership agreement and have each partner have their own lawyer review it.2) If you want a partnership but have no idea what each person's role is, I have to ask why have a partnership at all?

@Raymond Y, I am not a lawyer, but, if you intend to make a credit check as part of your screening of (pre)existing tenants, I am not sure that you should - “credit” had already been extended to them, and they may still be covered by that original contract.