If you run your business in an ethical, BUSINESS-LIKE manner your odds of getting involved in a lawsuit are pretty darn slim.I would suggest that a much better investment would be to explore taking a few BUSINESS AND CONTRACT LAW classes at your local University, and supplement that with a REAL ESTATE LAW class that's in conformance with the Continuing and Professional Education standard for RE Agents in your state.The purposes of these classes is NOT to turn you into a lawyer, but it's like the Law classes generally taken by Business majors and MBA candidates in Universities; to teach you WHEN TO CALL A LAWYER.all cash

I intended to major in social work almost 40 years ago,  was set straight about my idealism as a freshman,  ended up with an MBA and the idea to earn money at whatever and then volunteer at what made fulfilled me.  

Termscontributed: GP 5% / LP 95%payout: 8% annualized preferred return - > returned capital -> 30 % GP / 70% LP target IRR: 19-21%target LP multiple: 2.2-2.5%fees: Asset management 2%Brokerage 6%construction management 15%property management 8%The guy raising teh money and heading the project has an MBA from columbia (recent) but has been investing and doing projects in the Philly area for 12 years. 

(sorry for the essay lol)

At the time I had just finished my MBA and had a pretty nice corporate gig.

Go look at Harvard Real Estate MBA's, read the books they use their.

I was just having a casual conversation with a couple of realtors an office manager and one of thier vendors and these guys think I'm a conspiracy theorist based on what we talk about here everyday.I mean I'm sighting investment advisors the MBA actual #'s.And these "sheeple" think if they did not hear it on the news it's a conspiracy.That the government has everything under control and that I'm just one of those crazy guys that doesn't trust the gov.I was dumbfounded at how they just dismiss all the evidence that we still have a ways to go down.

They prefer MBA, CCIM active designation.

I have a background in Accounting, but do not have my CPA or MBA.

But lots of smart, experienced, successful investors (myself excluded from that one) and a licensed agent with an MBA are all suggesting you need to take a hard look at your numbers, and prepare yourself for a lot higher expenses.