The risk is higher because the rehabber has none of their own money in the deal.When investment with friends, be prepared to lose that friendship.

Current neighborhoods that are investment ready and great are - Bloomfield, Friendship, Shadyside, Garfield, East Liberty, Stanton Heights & Highland Park These are all located near Pittsburgh’s “second downtown” in the east end (east liberty - the heart) with tons of development currently ongoing.

When he eventually moved out, I found holes in the wall and deep scratches in the hardwood floor.As a friend, it was hard for me to confront him about some of his habits because I didn't want to damage our friendship, but after listening to a BiggerPockets episode I realized I needed to treat my house like a business.

You maintain a business relationship with your broker, not a friendship (at least generally).If you've concluded that they no longer align with your needs, then that's the decision.

It all went well because we had a really close friendship but definitely is better to have a plan beforehand for any future scenario.

Definitely in a position to learn the CRE side of things and see how we could build a positive and lasting partnership/friendship.

What I have experienced is great friendships, like-minded people, and those interested in learning and growing.

Business and friendship often don’t mix for many reasons—for instance, it can be very difficult to enforce lease terms (like late payment fees or deposit retentions) with a friend… and if you do enforce those lease terms, it can easily destroy the friendship.

It's a different feel if they see you ripping up carpet, painting, swapping out cabinets, etc.I know that it's not as popular to say that, but you have to earn their respect, trust, and friendship to get a solid team at a distance.

If the only reason is you are all carpenters, the partnership will not survive.First, I recommend you understand these formulas:1 -  Friend + ship = friendship2 -  Partner + ship = Partnership...if you subtract "ship" from both formulas, you'll find that...