At this point we are not able to find a solution except that we need to hire a lawyer which will add to the cost.

Except maybe throwing good employees and relatives out... ;)

.- Judges often throw these out:(5) Eviction Notice for Nonpayment of Rent: sent ASAP- In Michigan, it's a 7-Day Notice- Our staff bulk sends on the 6th of each month, no exceptions- Even our best tenants get them and we just tell them it's automated and they can ignore if they payRecommend you have a detailed Eviction Procedure and follow it!

If you want to be an LP on 2-3 deals lets say to get you started, typically GPs are asking for $50,000-$100,000 cash that will be tied up for 3-5-7 years on each deal...of course there are exceptions where maybe you can put in $5000-$25,000, but those are more rare, and you're probably not going to become a millionaire with $5000 investment.My thought is before you commit a big chunk of money is go to one of the 2-3 day seminars probably for $300-$1200 or so and network like crazy.....go armed with a list of questions to ask people. 

@Emily Ellis I'm not a lawyer, however several properties in my area I found thru 2 separate wholesalers, turns out they were marketing a property which was listed on the mls and they were "in contract" which was bs, ended up one of my agents brokers were the listing as g ed NY and pulled the the excepted offers from them.

But—as with all rules—there are exceptions.

Indemnification clause indemnifies for everything except "material breach of this Agreement or its willful misconduct."

The lone exception is rent control type regulations and/or affordable housing requirements.

I understand where you are coming from, but I am trying to purchase it with technically not having to put any initial cash in except the wholesale fee.

Except I am thinking instead of an S&P fund, buying some cash flowing properties so that I can better set myself up to retire from my W2 off passive income.