At some point, you will become knowledgeable in certain markets and that knowledge will give you the confidence to invest alongside a Lead Investor.

I have been thinking about tagging along side of someone with a deal just so I can learn the ins and outs but that’s up to them I’m not going to force it if they don’t want to.

Create an llc and start a side business for myself that I can do alongside my day job.

Because this is a smaller deal we are doing it and taking the hit on taxes, using the capital alongside his 1031 money he will have in 3-6 months when his commercial property sells for around $4M.

were there any other hiccups? 

One life hiccup and they're in trouble.But that doesn't sound like what happened here. 

Now, some or most experienced GP's will consider you throwing some capital in on the LP side to invest it alongside the LP.

We are both pilots full time, and working alongside him in Africa is how I first met him, and know him.

After this process has gone on long enough it becomes a house of cards and the slightest hiccup in the economy can cause it all to come crashing down.This hiccup can be caused by most any event. 

We have until July 12 to get the $$ back into an investment vehicle with no income tax penalty, so fingers crossed this all works out and we don’t have any more hiccups.