You need to be familiar with the costs associated with the purchase, rehab, holding and sale of the property so you can properly audit the investments and ensure that you're getting your fair cut of the profits.- If you'll be a passive equity partner, you may want to ensure that the group isn't violating any securities laws -- the SEC is very clear about what is allowed and not allowed when it comes to passive investments, pooling funds, marketing investments, etc.Happy to answer specific questions if you have them, and feel free to provide more information about what type of investment you're making and how it's structured...then we can probably give more detailed advice.

I want to ensure that I have everyone's best interests in mind when it comes to completing transactions.

Appropriate language should have been added to the PA to ensure the seller cancelled the PM's contract prior to closing if the PM's contract survives sale/closing.

Im not a big enough player to get non recourse loans (backed entirely by the property) yet, but that's the goal at some point - even though they are typically higher rates.

If you havent already, I would allocate funds to the exterior paint job and landscaping, to ensure that it pops enough to "one-up" the other homes on the block.

A collections agency would probably chew that amount up in time.Best is to ensure the judgment remains active and follow the refiling deadlines.

While it isnt my place to judge what lesson they should learn or what it should cost them, it is my place to ensure that i take care of me and my own so that I AM in a place to give back and help those who need it.It appears that your friends made some poor decisions and if they were in a place to remedy the situation on their own, they would do so.

This is where you'll learn the language and the players in your area.

In the latest podcast as a rule of thumb it was stated that the monthly rent should be equal to 2% of the purchase price in order to ensure the property will cash flow.

So you may decide to give up a bit of ROI to ensure that you can handle the rehabbing on your first project by purchasing a carpet-and-paint-rehab type of house.I have not worked extensively with wholesalers as I normally buy directly from the banks or at the auction, so I can not speak to what impact they will have on your ROI.