There is tons of valuable information here on BP, so please take your time and digest it all.Start Here First....The Ultimate Guide to Real Estate Marketing: 10 Tools to Generate Unlimited Leads

@kyle   I agree with @Will Barnard you got to find an attorney/CPA to guide you on structures.Regarding the profit sharing it is ultimately whatever you guys agree on, and the more complex you get, the more complicated legal documents get, and the more costly that becomes.For being "Active" and finding the property you might agree on getting an acquisition fee, and it sounds like you'll be managing the property so you'll take a property management fee for that.

Of course, you need to read The Ultimate Beginners Guide to REI here on BPIf you haven’t already, please read/listen to these books ASAP!

Thank you for the advice, 10 units would be a great achievement and would probably allow me to switch from my day job to real estate full time, which is ultimately my end goal.

The last thing you need is dealing with a loan officer that doesnt know what their doing...An experienced loan officer will know the process, have connections with good approved contractors, and will ultimately guide you through the process.

If you drive a lot the podcast are a great way of passing the time and start the process of digesting the content here on BP.Start Here First....The Ultimate Guide to Real Estate Marketing: 10 Tools to Generate Unlimited LeadsHere is another good place to start by reading some top blog posts here on BPhttp://www.biggerpockets.com/renewsblog/author/antoniocoleman/

That one and of course The Ultimate Beginners Guide to Real Estate Investing.

The ultimate goal is to purchase a multi family unit that I can live in and also maintain tenants.Any suggestions on good (modern) books would be appreciated.Thanks,Mike

Ultimately, I understand the power of networking and how much it means to a business, especially in real estate.

Take a good look at student housing see below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Two Great reads, I bought both J.