But in this case, I feel obliged to do so in order to warn others before they put down $10,000 of their hard-earned money.I have been a "Preferred Investor Group"(PIG) member in San Antonio for a little bit over a year or so and have purchased 2 houses thru Lifestyles.I choose to post with a psedo identity as it is not pragmatic to criticize a organization after paying a hefty sum in advance (which effectively precludes you from using services from other organizations).I disagree with some of you who may claim that some of the below points are trivial.

Even the start up tech companies all packed up and shipped out in the late 90's; Mindbranch (used to work there), Tripod.It had it's boom days back in industrial revolution when factories needed fast moving rivers to create power and wash away waste.

I do not want to waste time making mistakes a wise adviser and advocate can help me avoid.

(Wasting more of our money.)

If you call up a big corp and securities attorney in your area, you may get similar responses...from no response to, 'well i guess you gotta start somewhere' with no indication that they wanted to waste their time on a peanut fund.

A waste of time; but, anything that the parties agree to be bound by, that is probably not against the law, can be included in a contract.On my side of the equation, I ask for indemnification against any and all claims from owners.Good luck.Paul

If it is not then you will be wasting your money and will lose tenants.There is a difference between a building in an area where the tenants pay that is old and just hasn't been converted over time to an area where almost every building has the utility included.

You could each borrow $50K from your plans and "default" on the loans, effectively creating a distribution.

But is it worth it to waste my time now not making money ( school is too demanding to have a job at the same time), or to drop school find a job and save as much as I can living with my parents, then go in to real estate from there?

There is only so much time in the day and I don't want to waste it if they are geared to SFH investors.