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).

Jump in and get involved in the discussion on site and you'll quickly build up your network.Don't forget to set up keyword alerts for terms of interest to you so you can keep up with topics of interest.Good luck.

I get the feeling there might be 1 to many people involved in the whole process!

I am taking my time trying to learn the steps involved as well as who I need to contact to get things rolling.Thank you all in advance,A newbie

I realize this is an investment about as passive as investing directly in the stock market, but was curious what others experiences have been.Has anyone been involved in these types of investments?

It usually involves a bad thermocouple, a change in pilot flame size, position of thermocouple sensor in relation to flame, or simply carbon buildup not allowing enough heat transfer.

If there is borrowed money/ a pref. involved the numbers are less.Investors are crazy right now.

Are there costs involved?

I agree, but without knowing the risk involved that's a meaningless number.

They most often also have similar views and values on the assets due to their lack of involvement with the specific geography and ideas about repairs and improvements.