an operating agreement is basically the contract between you and your partner, and not an area i'd skimp on. the operating agreement is the guiding document that sorts though the rough times...should things go south. and they do, sometimes even with family ...

It's awesome that you're looking to find work in the industry also to help get your foot in the door.If you haven't already, be sure to check out these two awesome resources:BiggerPockets Podcasts The BiggerPockets Ultimate Beginner's Guide

Here are a few recommendations for you: Find and connect with other BP members that are in your area http://www.biggerpockets.com/meet Set up keyword alerts to be notified of the topics that interest you http://www.biggerpockets.com/alerts Read Beginner’s Guide http://www.biggerpockets.com/real-estate-investing and check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/ If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below.

Be sure to read through The Ultimate Beginner's Guide to Real Estate Investing to help you get started.Finally -be sure to setup some keyword alerts - especially for "Albuquerque" so you can jump into local conversations.See you around the forums!

Warren Buffet's first rule of investing is Don't Lose Money.If you haven't already done so, I'd recommend reading the BP Ultimate Beginners Guide to Real Estate Investing.Good luck!

If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and The BiggerPockets Podcast.

Training and support are big considerations.If the meetings are a few weeks away call the club president and several vendors.Check out a good readThe Real Estate Agent’s Ultimate Guide to Working with Investors http://www.biggerpockets.com/renewsblog/2013/08/24/real-estate-agents-working-with-investors/Good luckPaul

Be sure to read through The Ultimate Beginner's Guide to Real Estate Investing to help you get started.Also-be sure to setup some keyword alerts - especially for "Phoenix" so you can jump into local conversations.See you around the forums!

My wife is still active duty and nearing retirement, and is much more risk averse than I am, so that is one hurdle I am struggling with (any advice would be appreciated).I've read the "Ultimate Beginner's Guide" and found a wealth of knowledge, as well as Getting Started at BP.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.