Thinking Long term is the key.Thank you for your response.

This is why having a SOLID plan in place is essential.401(k) Loans - My partner utilized this for our initial round of funding.

Andrew, appreciate the response.

In my opinion, it represents a solid opportunity due to its affordable real estate, strong rental market, cash flow potential, landlord friendly laws and stable economy.

I think a solid foundation of lending guidelines and expectations will go a long way before going into your first deal.

Thank you for your response.

The crazy person responsible is dead.

Your approach to purchasing and rehabbing a house with cash and then considering a cash-out refinance is a solid strategy, commonly referred to as the "BRRRR" method (Buy, Rehab, Rent, Refinance, Repeat).

It sounds like the consenus amount the responses is small claims is not worth the time money and effort.  

. - Get really clear on a 1 year, 3 year, 5 year, 10 year plans - Get really clear on who's responsible for what - Decide EXACTLY how you are going to pay for repairsBuying anything with a group of family members is totally possible to succeed as long as you really prep yourselves on the way in.