Still for my first couple I think I want to have a lawyer just until I understand the process in its entirety and to be safe. 

Whenever a lender cites 'compliance,' it's safe to assume it's not something you can negotiate over, as no one is going to risk a $5m CFPB fine just for one particular transaction.

Ideally, the accounting would reflect how much each member is able to entitled to safely withdraw (for instance, after a year of positive cash flow).  

Texas is a very safe market which slightly outpaces inflation.

The thing with NYC and Westchester is they are considered extremely solid and safe investments (Long term).

The seller says the house has 4 bedrooms but the 4th is an addition done by an owner so I'm guessing it is not professional and to be safe I'm going to assume it doesn't meet code and is just another room (or closet).

It seems like a safe way to try out being a landlord, maybe just do a shorter lease at first (no more than a year) in case you don't enjoy it, then you can sell after the lease is up.

Our mission statement:"We strive to provide safe, clean, affordable, comfortable, and quiet housing for responsible renters in the neighborhoods of West Vancouver."

In my view I'd be providing both a lower cost housing option, establishing monthly cash flow through the lot rent, and setting the stage for long term cash flow through home ownership for the participants rather than renting.I'd love for any of you to point out blind spots, give me things to think about, etc.I know the owner-carry issue would require careful navigation of the SAFE act stuff, which I know only a little about.

BE CAUTIOUS HERE;  These kinds of ioT devices took down the Dyn server due to ignorance of the owners.Basically, change the admin password.