RISK per se is not entered into accounting books (just for clarity here). 

But they are spaced out in location and time, so it doesn't appear to be a crime-ridden hood per se.   

My goal is to have and hold for several years, and the location is in ABQ NW or Rio Ranch SE, roughly the Paradise East area, give or take.

I'm looking for a professional realtor who is investor friendly in Michigan.Areas: Hamtramck and Highland Park but I am open to SE Detroit as well.Property types: Multifamily or single family home.Condition: need of rehabIf anyone has recommendations or suggestions on the topic, I'll appreciate it.

Deanwood/Benning Rd area I like a lot more than AnacostiaPG County in Mt Ranier and Hyattsville, College Park, Beltsville, Greenbelt all offer good upside, with less risk than say in SE DC.

I think he either needs to be a lender, in which case he gets his money paid back to him but he has no interest in the property or he is a partner and he shares in the profits but does not get his money back per se.

It seems the NW is to expensive to get into unless there is 2 or 3 investors partnering up and the only place that is affordable is SE but I don't like the area.Would like some pointers or advise.Thanks!

You need a finance type attorney, not a real estate type per se, to guide you.

This person would NOT be subject to SE tax and would be taxed at the capital gains tax if the property is held longer than a year.

I don't know if this is a scam, per se, but it does seem like they're trying to profit from you right out the gate, and that's no good.