You can spend months discussing among yourselves what you need and what each would like but I feel confident an experienced attorney can get you there much quicker and help you organize yourselves more effectively but to answer your question yes there are established laws that govern what you can do and how you need to do it to be within the law for what you propose to do.

They could also license their own organization as a lender and retain ownership and service of those loans under a complicated agreement with a retailer or community owner or Lonnie Dealer.The better question is, "Why would they do that"?

A little background information of myself:1.)I just recently graduated from high school as an honor student who is working as an assistant manager/receptionist at a real estate firm.  2.)I have grown up participating in 6 sports(possibly irrelevant to this topic but hopefully providing you guys an impression/idea of me as well). 3.)As stated in the post subject, I am an 18 year old. 4.)I come from a family of self-employed business owners, doctors, engineers, and stock investor(s).5.)I'm quite the tech-savvy person 6.)I will be taking 13 credits of college courses at a community college in the fall semester I under this career demands a great deal of one's time but I am willing to sacrifice that time for this career by limiting my social outings.

I will be attending more of his classes.Clyde Wilson - specializes in mobile homes and has commercial investing experienceJimmy Napier - not clear on specialty but appears to have done a little of everything (most entertaining speaker -- you just have to experience it to understand)Jay Decima - specializes in small multi-family and clusters of single families (investing that most aligns with my current focus)Dyches Boddiford - known for asset protection courses, IRA investing, and lending among many other things (he was my favorite speaker because he was the most organized and easiest to follow).

. - Choose the good contractors: even though it wasn't his first deal, it was the first that required such an amount of rehab; therefore choosing a whole team of contractor and manage it on a daily basis was very challenging; The work took a very long time (almost a year), I believe we should have planned and organized it before diving in. - Some challenges with neighborhoods: We wanted to a verranda to add to the living space, but needed authorization of all the apartment's owners of the building. this was also very challenging, thus crucial in the value of the property.

A new Natural Grocers by Vitamin Cottage supplies organic groceries to the locals. 

If one of the "friends and family" in your syndicate turn out to be not so friendly, then they could cause trouble if the syndicate isn't organized properly.

Yes, I'm joining a couple of organizations to better my networking in the area.

My REI knowledge has grown substantially over the past couple of months, all thanks to BP!

For small organizations, we have nothing to gain.