Looks like you have a good plan of action set out, good luck with all future investing endeavors!

But maybe.And if this company does all the heavy lifting then of course they must be making a pretty darn good spread on the sale of the asset to the investor as this is a management intensive endeavor dealing with defaulted owners..

My initial angle once I do enter the investment world would be probably along the lines of what @Scott Nipp was referring to with generating seed capital before pursuing other endeavors. 

Good luck in your endeavors.

I need some advice on contractor/investor partnerships and property LLC information as I am starting a few endeavors that are leading me into uncharted waters.

I'm thinking a rental properties would be a great first step, and I've convinced my wife that this is a worth while endeavor to really look into.

Good luck with your endeavors.

I am terrified that I will make a mistake but am hopeful that I won't ruin this endeavor and will learn as I go along.

Many years ago, we discussed starting RE Consortium; whereby, investors would pool their money together (certain buy in requirements), and then purchase various investment properties.My question is for anybody who a. has done this, or b. would be interested in this endeavor.

You will recover that capital investment with that cashflow in about 10.5 years.Now I would not overpay for a property based on terms, but given you will supposedly have a $25K equity cushion at that price it is legit to figure out if paying more for less cash into it is a worthwhile endeavor.