You want to be the reference (in terms of knowledge)- Understand how to do the financial modeling of this type of asset or if you outsource, make sure that person is available when you pitch. 

The key to this strategy is the person you're selling to has to put up a significant downpayment, so you can start the process of finding your next investment

That will be your main sources of funds...and typically you and your friends will need to invest $50,000-$100,000 per person. 

I took out a personal loan. 32k.

As a postal employee, he has a guaranteed pension, but not a lot of savings -- I know, complications, complications).

This is just my personal opinion and how I would deploy your capital in RE.

@Samuel Olivas From personal experience you can't have your cake and eat it too. 

I personally love the area.

I will appreciate all the input I can get especially a reasonable person to do the logistics including zoning etc.

The main key is for online contact to become personal relationships.