You do not need an attorney, but whether or not you should get one depends on a lot of factors, especially your relationship with the people and how they would react if you lost all their money by making bad decisions.

I do appreciate your insight, being a native.

I am a Baton Rouge native and have thought about investing there.  

My name is Jontavius and I am a native of Georgia.

Great to see another AZ native join the site.It sounds like you have some great experience already working in real estate.

As a native Hoosier and real estate entrepreneur, I enjoy making new friends and business relationships.

@Scott Meyers  thanks Scott was just wondering if you were locking into some specific stat.being CA native its about on cue that every 10 years or the market does a swoon.. then comes roaring back.I look at my business life in CA.. mid to late 70s recession  with the war ending.mid 80s interest rates at 20% plus SL melt downfor us late 80s was induced by Earthquake and the war in Iraqthen dot com bubble burst.. but that was short lived.then the Mother of them all the GFCSo when I think of these that personally affected me and my business they all had different trigger points.With a lot of it simply being media and consumer confidence and people following the herd.

I am curious how the powerful Realtor lobby reacts to it in a political manner.

Have already met some great people on here so far excited to meet more and do some future business as well.I'm a Real Estate Agent with Keller Williams Hollywood HillsI have also been a Property Manager for close to 8 yearsI am also a Los Angeles Native have lived here for 3/4ths of my lifeLooking forward to getting to know everyone   

So I'd let them come to me and react as opposed to be proactive in this case.Good luck and I hope it works out for you.