Just a FYI be prepared for it to sell at a discount,Jay- I have seen people buying land notes for 12%-15% yield which is CRAZY and they are going to eventually lose their shirt once they go into default and the land value is repriced.Thank you for the info.

Keep records of all communication, and be prepared to take further steps if necessary.

There's a 50% chance your relationship won't last, so be prepared in case that happens.If you can both work remotely, I recommend moving to a more affordable market.

Have more reserves that you think you need and also be prepared to hold a property for longer than you may think as well.

There are two ways to prepare yourself to be success in real property syndication.1.

Quote from @Eric Carr: Anyone who invests in bitcoin needs to be prepared for major swings in both directions  Yes, exactly what you want in a currency. 

It offers a learning curve that prepares you for your own property investments and builds a brand that people trust.

There's a to unpack here - preparing the property, pictures & listing, finding a management company, taxes, regulations for the area etc.

Target neighborhoods near Bradley University, research rents, join real estate investment groups, connect with local agents, use the 1% rule, prepare for financing, and seek advice on cash flow and property analysis.Good luck!

From my experiences, I would not take on low end rentals and all the risk and work they entail if I had the budget for a solid middle to higher end option.And finally, as you do start looking more seriously at actual properties, bring your questions here and weigh the various answers you will get.