And what if the one person you didn't check has a criminal background, has collections, and more?

Personal money How did you add value to the deal?

While I don't personally cover the Scranton area, my team and I work extensively with investors in the Philly suburbs, and I’m always up for a great real estate conversation.

If the person stops making payments, they alas,  have to foreclose.

Everybody is doing something different, and it does not mean it works for another person.

K1s show your share of income or losses from the partnership, and you include it on your respective personal tax returns.Now, to your partners.

Like @John Underwood said, your cleaner and handy person can be of great help getting things done.

Ultimately it would boil down to your personal risk tolerance.

There are many here in my local area and your area is likely to have the same type of meetings.Most of the deals that I fund are by meeting investors in person at these groups and creating strong relationships. 

Quote from @Irina Badal: I heard for anonymity purpose it’s advisable to set up a personal residence trust.