Overall it's Great website, great show, great principals -  a phenomenal enterprise.  

I have a scenario, a platform where 5 investors meet owner of investment property (ask for $75,000, with net 15% annual return) who wants to sell that property, and subsequently, 5 investor each subscribe $15,000 for that property, and transact with a reputable attorney, would that solve all the legality issue and just being very simple?

Once the "edit" period has lapsed, there should be an "update" link / button that will allow you to insert a limited amount of content toward the end of the post - but that content becomes somewhat independent of the rest of the post since a subsequent "quote" of that post would omit the update's content. 

I plan on getting my first rental property soon and was wondering if my strategy on getting subsequent rental properties would work:- Get first rental property, prep, rent out- After a year or so depending on how things pan out with first rental property get a heloc on first rental and use it towards second then repeat first step...etc..etcAm I on the right track?

@Peter Morgan yes, the passive losses you would get on your K1 from a syndication would carry over to subsequent years.

Also, my grandmother actually lived two doors down from your property and my brother currently lives two blocks over on Enterprise.  

@Lian Chavda You may want to speak to an attorney, but the way I understand it, this law would not restrict the activity of a wholesaler in Washington, because the wholesaler doesn't do more than $500 worth of work to improve the property, and more importantly because you're not actually buying and then subsequently selling the property, as you're never on the title at all.

When looking at it remember your Year 0 is your initial investment and subsequent years are your cash flows.

Is there anyone around Dothan or Enterprise, AL that has investment property that needs work?

@David Saucedo Apart from the fancy PE/LBO model used by institutional guys, most SME (small to medium sized enterprises) have always been bought and sold throughout the world.