Since this will be a part-time job for me aside from my work full time job, I plan to start small, with just a single triplex or quadplex.

But it could also be an 8% private money loan with any range of terms, or a 12% hard money loan with full balance due in a year (sell or refi before that basically).

They are world's apart.If you are not going to do commercial full time then you might want to just refer it off and get a referral fee if it closes.

You don't typically want to refuse to pay your full rent without an agreement with him, as he could work towards eviction.

I'm an attorney, more of a litigator than a transactional guy, but interested in becoming more of the latter as I get old and want to stop fighting with all those young turks.Anyway, my question is I am looking to form an entity with a close friend.

With the full payment due in 5 years kinda worries me.

Been investing full-time since January 2005.

I've found a couple of interest but I'm fighting several people potentially! 

I work full time as a contractor managing $100K-$750K residential renovation projects.

So we’d give you a honest opinion since we have no dog in the fight.