There is inexpensive weekend course that taught by Lloyd segal.

I have personally spoken to a dozen investors with varied time frames of association with NRIA including an investor who reached his contract point at 33 months where he could take all of his principal out of the current fund.

Depends on purchase price and renovation estimate for me....Ive bought some very inexpensive ones that I just left on my line.

Using the standard vacancy rate of 8% of rent gives you $106/month and a standard property management rate of 10% of rent gives you 132.50/month.Adding these normal operating business costs give you $66.25 + 106 + 132.50 = $304.75Your total all in expense at $1,308.20/month.

It sounds like you need to have a GC lined up so he can tell you the details about the time frame for when HE can get the house done and ready.

So if you're friend put the proceeds there, for the most part they can't get their money back out until the sponsor sells the investment property at some point down the road (time frames vary by DST, but for sake of this feed..lets say 7-8 years on average). 

I wouldn’t use a CD for deposits as they have a locked time frame on them and things always come up.

Quick easy ROI as long as you have the right team that is reliable and sticks to your time frame. 

Can he simply put it back on the bill like that and put a tight timeframe on such a big decision?

Two good friends and I decided to go to Austin where the land was inexpensive but the appreciation was great- and start building.