The SEC still has not written the rules that were supposed to be written by July 4, 2012.Your friend lending you money is probably not going to cause an issue under securities laws, but you will need to make sure you comply with the SAFE Act and any state lending laws.If you and your friend are partners (members) in an LLC, and you are both involved in the management of the business, then you probably don't have any securities issues because his membership interest would not be a security (even if he puts in most or all of the capital).

And JUST started my educational journey in mid-January 2013 when my wife gave birth to our twin girls :) Our family, our future, and our time became a driving force behind why I have made the decision to pursue creating assets through real estate.My experience is in Marketing, Brand Management, and Digital Education/Communications.

I drive around my primary focus area almost on a daily basis and I am seeing more and more for rent signs going up each day.

I would just make sure that it's as safe as you can reasonably make it and then leave it at that.

I've found Facebook to be a pretty decent way of driving traffic and interacting with fans & friends alike.

I'd also recommend driving around in the neighborhoods you want to live in and look for signs or vacant houses.

I'm in my car, in front of the house, talking to a neighbor. all of a sudden the electrical inspector drives by slowly. he passes the house & goes 2 doors down, pulls into driveway, stops, pauses, reverses, & drives by us again.

So we feel pretty safe.

When driving a neighborhood, I find its much easier to find properties that seem distressed - with wood exteriors as brick is such low maintenance.

Surely they can call the partnership an on going business that will acquire more properties.There are business expenses needed for any operation and ones specific to the acquisition and management of real estate.Most notably in this case driving to properties that they need to evaluate, then manage construction, then possibly rent it out and manage the properties.I'd think any marketing expenses and other general expenses should be treated that way.