You anticipate that the winners provide much more profit than the losers, and you end up with a portfolio that produces a double digit return + a “salary” for your active participation over time. 

That is the true value of participating in things like this that are a bit more involved. 

Quote from @Cari Sweet:  This sounds like a case for Fair Housing- Familial Status discrimination. 

(The Black Friday sale on the Bigger Pockets bookstore was where I did my own Christmas shopping so my family knew what to ‘buy’ for me!).

For example how do you identify with confidence that your market attracts more professionals vs. families vs. bachelor/bachelorette parties, etc. and therefore how you'd know which amenities to offer?

I started my real estate adventure by purchasing 2 single family houses in Oklahoma with 2 cousins, mistake #1.

Playing small won’t serve you or your family.

Investment Info:Single-family residence buy & hold investment.

My wife and I are tied to this area due to being in proximity to family and we currently enjoy a farming/hobby farm lifestyle that is a big part of our family culture.

Start with your closest friends and family but they will invest with you because of your relationship not necessarily because of the real estate or your real estate acumen.