Peter, I apologize for missing a setting when I started this post.

People who say JV is bad do  not know how to structure  it and manage it and the exit strategy..

I know many people have lawyered up, and they’ve gotten nothing of value back in return for their legal fees.

It's only 25 minutes to Lansing, so it may be a cheaper rental solution for people living in Lansing.Don't really know either market, so recommend you compare average rents to determine how likely it is someone would commute.

I want to point out that there is most definitely an element of economy of scale here - most profitable lenders need a team of people with specific skills to lend efficiently and profitably.

@Joseph DaviniI agreeBut I wonder where all the “housing shortage” folks and “interest rates coming down prices will double” people are?

People have different ways to make things work. 

Welcome to BP Deshay, These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.

They left me a picture of some names and numbers of people I should talk to. 

I personally hear from tons of people who think the market will come down, due to the struggling middle class and the fact that it will get worse.