Hi Derrich,Buddy 43615 is Holland and that is a HOT area to own in.

Let me know when works for you buddy.

Don't wait to "think about it", don't sleep on it, don't go get a haircut or have a beer with your buddies.

I am in the process of analyzing a deal with a buddy.

buy it and live in it for a 1 year. get roommates to help you pay for it. my buddy rented his place out, even converted the garage to a room for a while.  

In IL  they are ... so its state specific..you could also create a small closely held LLC agreement and the LLC makes the second loan .. one entity one loan.. with your buddies members.. this can venture into securities.. but if they are all known to you .. then you should be OK.. but again check that with local lawyer. the Seller second would be cleanest.so there you go.. check your first lender first off to see if putting a secured second on the property is a event of default in their loan docs.you also want to disclose it lest you get accussed of loan fraud.

Just don't rent to Zac Efron and his buddies.

What if you then rounded up a couple of your fellow veteran/college buddies and invited them to live with you and in exchange with their help in renovating the place, you offer a good deal on a room rental?

Cheers,Buddy

And if I can be of value just let me know buddy.