A friend of ours wants to put in money but doesn't want to be involved much in the actual process of finding properties or doing rehab if needed.   

The good ones are well attended and you can meet buyers, wholesalers, flippers, hard money lenders etc, and they are also a good source for info.I also like local meetups - It's all about networking - that's really the most important aspect of real estate investing.DM me if you'd like more specifics - too much to put in a post!

I know there are people who have the money but don't want to really put in the time and effort to go to the property regularly, oversee the work, etc.

thanks J Harvey - and yes the subdivision has MH and stick builds. the lot has sewer and water at the road, so there will be some additional expense, (i don't have to drill a well, or put in a septic system). there are a few others doing the same thing, in particular, the salesman at the MH store - (he has purchased 2 lots, the same subdivision, and placing brand new MH's on the lots for rent.

These same new people, po st about their dreams and goals of grandeur, and don't put in the blood sweat and grit that it really takes to do this. 

If you want to do it there's no reason you can't put in a clause saying if it exceeds that amount all bet are off.

It’s all possible if you are willing to put in the work and find the right strategy. 

But if they called me and asked what I need help with and can they help out in return for my mentoring them, I'd help for sure because they were obviously willing to put in the work.

Bottom line is its not a fast track to get started, you still have to put in all the work and you'll be 30k in the hole getting started.

We ended up having a well put in, which cost us nearly $10k and 6 months of downtime.