He has around 40% of the cash needed to close and he is letting in family/friends on the initial investment(other 60%) to close the land for some equity in the project.Here is what he is proposing: 6 family/friends(includes me) should open a LLC and put the 60% of money required to close the land in the LLC bank account.

I just set up a lead generation squeeze page and ordered some business cards. 

I'm excited to find more deals and plan on wholesaling and flipping to generate cash to purchase rentals for more passive income!

.- Have not been able to find the right telemarketer to call the leads I'm currently generating.  

That means it'll take you 13 years to to make back your initial down payment.

At the very least try to know the dealership that initially sold it - most keep great records. 

If I was included in the initial communication, this wouldn't have been a problem to begin with.  

I am looking for a property than will generate positive cash flow but it seems that Oahu (my current residence for the next two years) might not be the best place to find a property that will do that.  

This has created opportunities for technology based companies like Trulia, Zillow, Realtors, Homes etc. to merge all systems in one data base to get people to use them while selling advertisements to generate revenue.  

By new, i mean I've been canvasing my local area trying to generate leads outside of my 9-5 and am still trying to close my first deal, new.