It's the "I wouldn't want to be a part of a club that would accept me as a member" philosophy.

@Jay HinrichsIn reference to how Realtors allow buyers to waste their time and drag them by the nose, what do you think of Ricky Carruths philosophy who is a top producer at 1 million gross commission per year saying show as many properties to buyers as they want, no buyer broker agreements and write low ball offers all the time.

Possibly even more importantly, I think you should figure out if you and your friend have similar goals and philosophies on business and money to make sure that you would make good business partners.

When it comes to questions like this, i'd apply the Bogleheads philosophy.

His goal is to hear my insights and also answer any questions about the history, philosophy, business practices, and futures plans, etc.What sort of specific questions should I ask, because I want to get as much as possible out of this opportunity?

With syndications, you are responsible for getting out the syndication and the person running the deal.Depends on your personal philosophy and goals but I think investing in the right syndication projects are a smart way to passively invest and diverse your portfolio as well.My two cents anyway...Greg

Always figure more in the rehab is my philosophy.

Jeff, I'm not just commenting as to the definition of speculating but also to the philosophy behind this statement.

It's been very interesting reading through everyone's different investment philosophies on this thread.

I think they just had a great show with a contractor, and they share some philosophies on what materials and finishes they like to have in their rentals.