Before asking anything from them, I volunteered to help them with their organization (no one wanted to step up and be on their committees - that's where they needed help - not with their properties.

I recently dealt with a bank who had approved my loan request through 2 bank committees and then ordered my appraisal.

Smaller banks work off approval from a loan committee, so if they have a "good feeling" about you and your prospects, they may be willing to take a chance on you.

Inflation has increased since earlier this year but is still below the Committee's 2 percent longer-run objective, partly reflecting earlier declines in energy prices and in prices of non-energy imports.

Then if it looks like it might have promise the discuss with their internal committee meetings.

Now, they are asking me to be part of the real estate fund investment committee for the tax reason.Since I don't have any experience in business partnership, so I have below questions:1) What will be the legal obligations if I am part of the committee?  

Avoid that analysis paralysis/decision by committee that plagues so many people (myself included)! 

They still took our deal to credit committee review since they were honoring the deals in the pipeline that had applications in, but I feel they found reasons to decline as they are phasing out this business in their portfolio and had easy out to not proceed.

If there's not, I know the committee wants to put something in it so that it's safely regulated.I'd use low voltage landscape wire, it's purpose is for lighting. 

Not enough track record... banks usually look for 2 plus years and multiple deals you need to start with private and or HML get 10 to 20 behind you and TAX returns that show 100k plus a year taxable income based on the flipping business.And of course your local community bank is the place to start  have a frank conversation with one of the SVP's  they will tell you what bar you need to reach to be considered and packaged up and taken to loan committee for approvals. this is one of the toughest types of loans to get..