That provides a basis for which they can have a safe guard against predatory GC's who might want to drive the price up and convince them they should be knitting and writing more checks because they are not a GC. 

Generally the real estate lic. commissions' first object in any and all cases is to protect the public and safeguard the interest of the consumer.

Savvy OPM will setup safeguards within their funding to insure the borrower success.

When we go around these safeguards then we essentially become what we hate about other nations.

Self-storage and mobile parks are the hot commodity now.What I look for in a park is one in a jurisdiction that favors or at least has some favorable safeguards in the statutes for the landlord.

When loaning money, the bank wants to safeguard itself as best as possible.

I was told that the RE markets that had safeguards to ensure that the people who are applying for loans are qualified are not really being affected by the foreclosure crisis.

We were going to both invest $50k and split 50/50 on the profits on that triplex, which would have brought us both about $300-$400 / mo profit after costs.I want to trust him, but I also want to safeguard against anything going wrong.My goals are to simply buy property, both Multi-Family Units and SFR's, and create a passive income stream to help me with my goals of going back to school and creating something bigger with my life.Any advice is greatly appreciated!

If rates are higher in the future and you have a balloon you could find yourself in trouble, so with the ability of keeping the funds longer you have a safe-guard in place.

Don't get overly concerned about public liability but you do need to be aware, keep properties in good and safe condition, know the rules and conduct your business with attention to details and you should be fine and carry insurance....And I believe Texas has an LLC that limits liability to a subject property safeguarding other business assets, which is unique, I suggest you simply form your business in Texas.