Whether you've lent money for an individual project, or you've invested in some sort of fund / group, I'd like to hear about your experience! 

I believe sometimes a bad experience is more reflective of the individual than the company. 

Hello @Tove Fox,You are not investing in a state, you will invest in an individual city.

NET 30), etc. and you can use this project-specific agreement as an addendum for individual jobs.Final Tip: Treat the contract as a transparent, collaborative tool to set expectations, not as a "gotcha" document.

For individuals with full-time jobs in other industries, meeting this threshold is challenging unless real estate is a substantial focus outside regular employment.

Does anyone know if this individual needs to be a W2 or can I hire on a 1099?

You would have to go after the one individual for non-payment and you could only remove the other three by going through the legal process like you would for someone on a verbal agreement, which puts you in a he-said, she-said situation. 

In other words, individual policyholders are subsidizing the losses. - Inefficiency with payouts and administration will be compounded as the FAIR Plan has zero experience with a major pay out and lack infrastructure of assessors and technology to distribute the funds they don’t have.

It gives me another exit strategy by having the option to sell off individual properties to retail buyers if needed.

If you can identify your real drive, maintain consistency and discipline, and continue networking with other like-minded individuals, I think you will eventually find great success one day.