It took me months to compile industry and local market data, and a strategy to be successful, but the end result was that my few months of diligence lead me to gaining knowledge that people who have been in the same industry for years didn't have.

And I wouldn't consider myself an expert but if you contribute property instead of cash, your contribution is equal to the value of the property not necessarily what you bought it for so it's important to know the value of what you contribute so only the gains are split 50/50 if you thought it could be worth different than what you bought it for.

With my long term goal set on gaining passive income to provide for my family in retirement and beyond, your words of wisdom will be invaluable.  

Looking to gain a lot of useful knowledge from everyone here!  

I feel the only thing you gain additional value add from a masters degree (besides a nice plaque to put on the wall for office cred) is the pure social aspect of it. 

I don't attempt to gain or give respect here. 

I am interested in a community of like minded people in order to gain information as well as contribute where I can. 

@Jhonatan Urias, I'm not sure how hard it will be for you to find a Buyer for your Mobile Home that will gain you the $5k profit you are aiming for, but all the best.

@Daniel Adema Welcome.If you read the forums regularly you will certain gain a wealth of experience that can head off some of those mistakes before they happen.

I'm more interested in flipping and wholesaling at this point of time in order to gain various experience in REI.