Now, $5 doesn's seem like a lot of money.. but what if we run it over the course of 1 typical week. 

I will add the fact that there are things you need to keep in mind when it comes to the HOA fees, Never go with high-rise buildings because those common area fees paid by the HOA will kill you, I typically look at Garden-Style or 4 stories and below, I do have one property that's in a 7 story building but the fees were still fairly low. 

We typically have between 20-60 people attend the monthly meetup.

What are some typical terms for private lending that I could propose?

It's a great city for Investors as typically the buy-in is more conducive than other cities.

That 1% is typically for one side of the transaction while there is still a 3% commission you have to pay the other side.

@Rick MartinezYou are required to have 2 egresses from the bedroom typically. 

Typically wholesalers will ask realtors to add their commission on top of the asking price.

Most of those types Pension Funds, Insurance Companies are investing with REIT's.The institutional money typically only invest with the whales for what they tend to perceive as ultimate security and low risk.I talk to REIT's all the time looking for off market properties for my clients.

You can invest it in real estate, stocks etc. my cup of tea is investing in mortgage notes where I know a lot of passive investors use their IRA to invest because it is mailbox money when your buying performing notes and typically they have plenty of equity and provide double digit returns