This summons all sorts of advice I've heard podcasts and forum discussion. 

When you write things like 'jump in the deep end' perhaps what you're really looking for is some sort of a step function. 

If I were you I would draw up some sort of a binding contract (amongst you and your brothers and your wife) that spells out each scenario and what would happen. 

I dont have the angle figured out, but it feels a lot like a scam of some sort to me. 

It works sort of like this, but not exactly, so only use this as a guideline: deduct the closing costs from your loan amount, then using your actual loan payment, calculate what the interest rate would be on this amount instead of your actual loan amount.

I mean you don't see Me with Oregon and Ca properties running adds in Cleveland for you folks to come buy my properties. but you see all sorts of these companies that advertise their properties out in the areas were the residences are much more investor centric than were you live.. but this started in 2000 or so I started funding out of state folks in 2002 and been doing it ever since.. however its tightening its finally got to the point were the recycle like you talk about has really calmed down.. as a whole the buyers are smarter and PM s do a better job.. and the investors have skin in the game so they did not walk from rentals like they did in 08 to 2010..  

What sort of investment do you do (wholesale, flip, hold, etc.)All answers very much appreciated!

@Derek LogueI agree that if you are investing in low income it will be infested with criminals of all sorts primarily due to the fact that their lives are a mess, quality landlords (B class or better) will not rent to them and that is where they belong.

@Josh Mitchell What sort of properties do you invest in? 

I spoke with a lawyer who quoted me at $5,000 to create legal documents for this sort of transaction.