The specialist I recommend you have is an attorney to properly draft the documents and a title company to facilitate the deal.

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

So, proper screening is EXTREMELY important!

Quote from @NA L Harrison: It is irresponsible of you to take in animals you can't properly house.

Most do not follow it which is you can have someone assist in capital raise but it cannot be their only function - it must be less than 50%.

Make sure to include proper disclaimers. 

I do have one question - I have a partner and we are looking into getting a properly together.

I'm not saying you can't make a decent return on rentals - I and many others here have done great with it - but if you have a well-functioning, profitable business that you know, why would you gamble money into Memphis *******es, to put it bluntly? 

During the summer months there are a few events, functions and festival type activities going on so you get a few bookings around that.

-Proper SEC guidelines/filings were not followed to raise capital from a large group of unaccredited investors.