Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

@Jay Hinrichs, as Chris posted in another forum, let's just say it isn't just the students that are feeling it.  

For those interested in rental properties or other approaches, the marketing focus can feel misaligned.4.

It is growing in popularity because of proximity to Charlotte (about 45 min drive) and Lake Norman but still has a small town feel.

But then, if other people invest with them and lose money as a result, I'll feel partly responsible for not having warned people.You have already invested so my message was mostly addressed to everybody else to remind people them of the importance of doing a proper due diligence.

Most of SoCal feels unaffordable to me so Im looking in Riverside or downtown Long Beach.

He's going to screw up like this again and again, and the way these things go, most of the burden of dealing with it is usually going to be on you.As far as him ever taking you to court over this and winning -- this is not the sort of dispute between adults any sort of magistrate feels should ever end up in court.

If you're ever looking for any additional advice/information feel free to reach out! 

I'd also recommend joining a local Indianapolis based REIA asap. the REIA will provide a group of investors who could get you some contractor recommends if you decide to GC the prop yourself.You said it "needs a little work done" but budgeted $50k so those two things kind of contradict unless the home is a larger home...just curious, what's "a little work", if you haven't had an inspection yet and don't feel comfortable evaluating the costs on your own?

You’re the insider who can ring someone up, say you’ve got a contract on a property ripe for a cosmetic upgrade, and watch them perk up.I’d say give it a whirl, see how it feels, and don’t hesitate to tweak your approach as you learn.