Penalty for the investor is he looses his 10% if he fails to capitalize the venture.

Welcome to BP Frank...I too am a new investor in Real Estate and am looking to make that first deal within the next week or two...Been busy doing as much due diligence as possible and building my team to assist me in this venture.

A RE investor hires a crew, buys materials, rehabs and then if he holds the asset the velocity of money affect grinds to a crawl, it's not a long term employment venture.

I am always interested in business ventures and real estate has especially peaked my interest.I began looking into real estate investing to prepare myself for my first home purchase and soon found it to be very intriguing and now view it at minimum as a major investing avenue and likely a soon to be business.

I've also recently become licensed as an agent in KS to assist with my RE investing venture.

I own a few local rentals but this is my first venture into out-of-state.Aaron Mazzrillo Thanks.

It's really easy to devote 90% of your conscious thought to this venture, because it can be really exciting to dream about.

In 2-3 years you won't miss the 5k check you never got, but I would venture to bet you'd be happy to sell that house.

Having a better understanding makes the process easier and more successful.Best of luck with your future ventures.

Nephew or no nephew he just can't bring himself to partner again.Good luck in your new venture