I'm thinking about the following1. form an LLC of which all owners are members and are all actively involved in the day to day operation of the business2. we make decisions together, though most of everything will be specified up front in the operating agreement (what we will buy, how we will spend money, and how we make decisions about when to buy, when to sell, etc)3. make sure to include clauses about "how people can leave and get their money back" and "how we can force someone out of the group" -- these will all be family/friends, but you really do never know what will happen with people and money.my questions are:1.

Whether you like the guy or not, its pretty fun to read about the big deals that he's been involved in.There's a bunch more great business books like i love, but those are good places to start!

Basically I never really involved myself with financial... anything!

If the deal looks good to these people, they are likely to get involved.

hiya,let me introduce myself. i am a 21 year old enthusiastic investor from toronto, ontario. i have been involved in the purchase of three properties this year ranging from multiplexes to houses with acreage. this limited experience of actually getting proactive and getting started has taught me way more than any book has ever taught me. a tip to other beginners. i have also had some background knowledge in the real estate industry with my parents starting out a real estate rental business 10 years ago. however their knowledge is quite elementary and i have a lot to learn. fortunately i have found this site. and while browsing for the past couple days i have found that there are many invaluable resources and brilliant minds aboard.ps. slthough i have found the canadian content lacking i am confident that with our similar laws the ideas are all valid.looking forward to meeting you,joe

The more involved the rehab the more I am going to insist on maintaining a 30-40% profit margin.

Thanks for getting involved here.

I will not let emotions get involved in the end, however, is there a way to make this work out for all.

The amount of space is significant over 10,000 square feet.

Typically an inspection runs about $250 for a house with 1500 or less square feet on a slab foundation.