If the loan terms work out, this could still be a great investment, but be leary.Hard Money - you've got to find a fixer upper for this to work out, otherwise you'll end up paying 10-20% interest for a year and then having to come out of pocket to refinance at the end of the term unless there has been some serious (usually forced) appreciation.Another possibility, which I can't much comment on would be a master lease with an option to buy.

The payment was not real large so from a worker's comp liability perspective, we are effectively self-insured for claims at this level.

As you may imagine, this in most cases would create a type of balloon payment at the end of the BK plan or increases the payment required through the plan to a level not attainable by the borrower, so it has it's own barriers.

So if you put up $50k and your buddies each put up $25k, you would own 50%, they would each own 25%.If someone is bringing more experience or higher level of involvement (say one of you is a General Contractor, or a Realtor), they may get compensation for doing that job, or they may get more ownership than strictly dividing up per the capital contribution schedule.

Market had leveled off after the decline and there were lots of foreclosures, short sales and I ended up with my primary residence for a really good deal.

I've been sending to both middle and lower class neighborhoods, playing with different fonts and envelopes, and its been interesting on how the response differs in each neighborhood.Its encouraging to hear that getting mentored from my friend is a good opportunity, I've had close friends telling me not to do it, but its better to listen to people who are experienced with real estate.As far as dialing in the arrangement, we'll be doing it on 3 levels:1.

Thailand again above the ground level not the land.Wiley

@Sven Simon You have always had to have experience or a certain level of education in order to become a licensed Broker in California.

Each has a different skill set, level of education, level of maturity, varied experiences, common sense, drive, motivation and capacity to learn.

(http://www.biggerpockets.com/real-estate-investing) Once you land in Phoenix I would search out their REIAs, and start networking with other investors who will help point you to the areas to consider investing in based on your budget and risk level.