Welcome Charles, Your background is sure to be an asset in your new business ventures and to this BP community.  

We intend to use the benefits provided by investing in real estate to expand to other opportunities and ventures.

Hello BP Community, I am brand new to REI, and I have been looking to surround myself with a team of reputable professionals as I dive into this venture.  

I probably should have asked the same,thing but I assumed it meant joint venture.

Look foward to being in touch throughout this venture.

Hello there BP, I have a question about starting out in the REI world. How much cash is the right amount to get started? I've heard of people using 30k, 50k, etc. I've also heard of people using 3k just for a down-pay...

I've never ventured into it but have spoken to a lot of people who do it. 

Do a simple purchase contract between you and the wholesaler and/or at the very least have him sign a joint venture agreement.

We purchased a 1920 Farmhouse but opened the walls and found an 1823 log cabin instead.The project is not a for profit venture as I am doing the remodel for a close friend (lucky girl) but we'll dip our toe into the financial analysis of it at some point as I know there are curious minds like mine out there.

Please do share your experiences it will help us and others to gain insight into your real estate venture.