I am not in the business of scamming people, but that seems like the greatest business model of all time.

@Chihiro Kurokawa I think of sydicating as a very high level avtivity with a lot potentially at stake.

@Xavier Williams This depends on your level of experience and knowledge, the amount of time you have to devote, your tolerance for risk and your ability to manage a project with a lot of moving parts.

I am new to real estate investing and so glad to have found such an incredible group of smart, talented and helpful people.Real estate investing on this level is new to me but I have always had the burning interest to one day really dive in.

total $1000 monthlyRemember most of the cashflow cities are just coming back to 2006 levels.. 130k down can get you a duplex, triplex or quad in riverside and san bernadino county. cash flow probably $400 to $500 a monthabout your other questions,,Need to set up LLC in state of property--- you dont need that. just a landlord insurance and a umbrella insurance to cover you.Need to set up business bank account--- rental income can be deposited in any accountNeed to find Mentor-- yes Need Attorney-- what for?

For that generation at an older age, it is likely a lower risk level is desirable.  

Especially with the level of patience we have shown due to the interest in this property.Question to experts in this community :  (a) What would be reasonable damage claim? 

Any property has value depending on the experience level of the buyer.

I have FREE Platinum Level tickets to an event with Tony Robbins, Kevin O'Leary, The Diesel Brothers, which also includes lunch with Shark Tank's Kevin O'Leary.It's short notice but it's on March 6th (this Wednesday) and it's in Houston, Texas.

You as a Realtor don't have an equivalent of "upload a W2 and some paystubs," so it would just be your sense for their motivation level as someone who has been around a while.