I once had a good friend pass a problem tenant on to me he wanted to get rid of which lead to the creation of the form.

@Kris Haskins  - I've just read the actual indictment fully:http://mortgagefraudblog.com/wp-content/uploads/20...It would appear that the 5 defendants involved, actively & knowingly participated in the creation & submission of false & fraudulent documentation to secure the short sales - 9 counts of fraud in total, and it would further appear that they were aware of their actions.There also seem to be issues with "declared relationships" (which is interesting as it could pose problems for wholesalers with relationships with realtors finding the short sales on their behalf).

The unemployment rate, net migration, wealth, job creation, etc. all matter.

Wealth creation is 10% Inspiration (Planning/Strategy) and 90% Perspiration (Getting it Done).  

While I do agree that buying rental property is a great long-term strategy for accumulating positive cash flow and ultimately wealth creation, if you start out buying rental property using all cash you will eventually run out of money.

I'm a proponent of doing some 'wealth creation' before jumping into passive income. i.e., flip some houses first (we're making $70k - 100K per flip) and then later enjoy a smoother transition into cash flowing properties.

I strongly suggest you seek legal counsel to assist you in the creation of this fund who is familiar with the particular locale.   

That's not an investment nor is it wealth creation.

Over the long haul, cash flow, depreciation, and amortization is small compared to the wealth creation that is built on appreciation of real estate. 

Investing in real estate provides: positive economic impact by creation of jobs, the ability to increase property values, support to local population growth, and revitalizes impoverished communities.