You want to be the reference (in terms of knowledge)- Understand how to do the financial modeling of this type of asset or if you outsource, make sure that person is available when you pitch. 

That will be your main sources of funds...and typically you and your friends will need to invest $50,000-$100,000 per person. 

The key to this strategy is the person you're selling to has to put up a significant downpayment, so you can start the process of finding your next investment

This is just my personal opinion and how I would deploy your capital in RE.

I took out a personal loan. 32k.

I will appreciate all the input I can get especially a reasonable person to do the logistics including zoning etc.

@Samuel Olivas From personal experience you can't have your cake and eat it too. 

I personally love the area.

The main key is for online contact to become personal relationships.

I personally do a cost seg on every single property I buy (This is not tax or legal advice).