It is unfortunately a very risky thing to invest with individuals.

This is some of the most desirable and difficult to develop real estate in the country, owned and operated by many of the most powerful and affluent individuals and corporations on earth.

Think about your individual chances of being affected.  

The fund itself is separate than these individual contracts.

We often need to ask the right questions to help determine the best route for each individual.

When I partnered with friends on a multi-unit property a few years ago, we chose individual umbrella polcies from our personal providers.

Now focus on what you, not what the real estate investment community, want to do after you educate yourself on both sides.If you are interested in selling, I know plenty of individuals looking for a similar home in the Scottsdale area as an investment property and I think you could get a great return right now.

Personally I like 1 savings and 1 individual checking for each property.

Do my 3 associates need to create a LLC to be able to do these renovations or can any individual do them, as long as proper permits are pulled? 

Some of the easiest deals my dad did were taking a large piece of land and subdividing it into smaller pieces and then selling them off individually.