I am an active investor.

One neighbor recently bought a barn type building that I bet he spent >$90k on rehab/septic/landscaping then another $35k for foreshore reclamation.  

I imagine an active wholesaler will need to be driving to many properties.

Hey ladies and gentlemen, I dont post much but stay active on the site and podcasts. 

San Leandro is a good bet, because many buyers are being squeezed out of Oakland and are moving south.  

Appreciation investing is dangerous and speculative, sort of like betting on sporting events. 

Most people don't make enough active income to ever make significant investments.

@Joshua GostonAs mentioned by others, speaking with an experienced syndication attorney is your best bet.

The 2nd , 3rd, etc. tenant placement fee should not be paid, or a refund of the original amount should be due.One way you can hedge your bets on getting a good tenant is that FINAL APPROVAL of a prospective tenant must go through you, the owner. 

We are both at a point that we would like to start actively doing real estate investing.