It’s a great option if you want simplicity and rewards.

To me the rewards do not come close to outweighing the negatives in this situation.

Thanks in advance for sharing your expertise!

Hey Zach, lots of reasons: 1) Local Expertise: For instance, My primary states are Hawaii and Washington.

We need:1️⃣ Guidance on purchasing real estate as a group.2️⃣ Expertise in establishing housing co-ops.If you’re a real estate, legal, or co-op professional—or know someone who is—please let us know.

thank you all for the great advice, I appreciate the expertise of the group. 

What I can share is that the risk-reward will not be worth it as a 'newbie' due to your limited capital and inability to actively manage your properties. 

Maybe team up with someone who has capital but lacks your expertise?

I'm sure that many of the speakers will have different opinions depending on their area of expertise too

Their expertise is worth the cost to do it right the first time.