@Jake Parks - If you're pooling money together and providing a return for people/there is an expectation of profit for someone else and that other party is not involved in the decision making/management of the deal , then you are creating a security and the answer to your question is a resounding yes.The big thing you have in your favor with partnering up with family and friends is that you have a relationship with these people already and that's the biggest thing that the SEC is looking for.

The old stuff looks clean and not dreadful, and is in neutral colors, but isn't that nice (e.g. the cabinets are kind of rickety and the DW/fridge don't really fit all that well into the space made for them, the floors aren't missing pieces, but also are a bit uneven in places).  

My friend is probably not a great fit for you because he has only done 2 deals.

Here's why:Aluminum windows last the longest.Tempered or laminated glass are both stronger than plain annealed glass (laminated is just a tick more energy efficient).MUCH cheaper than good quality custom sized impact windows both in initial cost and replacement cost (I doubt that you will find exact fit factory replacements)Covering them with a permanent, crystal clear, UV filtering shutter will prolong the life of the window, eliminate water leaks and window maintenance.Permanent shutters don't break so there's no replacement cost and offer continuous protection whether you're home or away.Increases home resale valueIf you simply want to flip the place, go to a cheap PVC impact window supplier and get a list of standard sizes and modify your openings to fit.

It was quite the challenge, and involved a lot of extra management time.On anything I do that is outside of affordable housing, part of my screening process for new tenants is that they have to apply online.

That would KILL your IRA and create huge tax penalties.There is a retirement plan based structure know as a Rollover as Business Startup that allows you to take existing retirement funds and use them to capitalize a business in which you are directly involved. 

I am getting leads that don't fit in fix & flip model.

They are trained to fit you into the Fannie Mae/Freddie Mac boxes.

Two different agents involved on this one.

I am not involved in wholesaling at all but anything landlord/property management is my life.