Investors need take care, the operators and promoters may not be all that experienced.  

Or, actually, many people would be better served to live below their means, save $$, try to get promotions/raises at work (or work a 2nd job, maybe as a part time RE agent), and pay off their existing high interest rate debts before they try to make it in real estate.

Many are scammers and frauds promoting dishonesty with the sellers.

All the guru garbage and BP cheerleaders help promote this garbage. 

I believe promoting yourself as an agent as well as an investor has advantages.

I also keep all of the final deals that I close on and promote them to my Portfolio.

Before the government and the industry reigned in short-sale exploitation - what used to be called "A -> B-> C" transactions, this type of exploitation was rampant, and even was promoted heavily by "the gurus" as a way to get big paydays for relatively little effort.

Originally I had thought I would create an LLC and sign for the loan personally so that I would be the general partner and the other investors would be limited partners, I would also be able to set up an operating agreement that would define how cash flows are paid to the investors (as the GP I would get a promote over a preferred return for assuming the risk and managing the deal).

Shoot me a message because they will flag anything promoting business on the forums.

Every time I get a mailing, I'm going to scan it and post it here with names and addresses redacted (I don't want to promote or put down anyone, and I don't want folks to go out seeking my address and spamming me so they get their name on the forum).