I'd like to contribute to the BP community :)

Are you treating the money from the investor as a loan, or as a contribution of capital?  

I look forward to contributing!

If you have little to none @Craig Moore perhaps you should find a mentor who you can team up with and in addition to your capital that you can contribute you can also learn the process.  

Then, once complete, begin contributing this to your real estate money.  

Some of the most successful people in business, real estate and life contribute it to their mentors along the way.A coach is someone that is paid for their services.

4) Loan Paydown / Equity BuildupEven if you do not have much equity when you initially purchase the property, without contributing any additional capital you can build up significant equity.

In fact, sometimes you could end up making an over-improvement that doesn't contribute to value.

My scenario was this: - individuals may or may not be able to bring enough capital to the table at any time - my activities(**) had multiple individuals interested at any given time - individuals were both accredited and non-accredited with a wide variety of lending capabilities at a given time ($200K+ to <10K)- I refused to accept a "pool" of individuals as an "investor" unless accreditedMy conclusion was this: - I would point individuals in the right direction to create their investment pool, or "club", for investing - I let them know I would use their LLC but in the big picture they needed to "vet" other borrowers  - The implementation was via a multi-member LLC with an assist from a good attorney- The LLC could invest in any market, any deal, any person according to their agreement(s) - Like minded people could contribute capital to their LLC, then lend to me or anyone - I, individually or via my company, would interface with their LLC, borrowing with a first position lien or whatever they agreed to, just like other borrowersIn the end, the market made my decision easy.

Please feel free to provide feedback below, ask questions and contribute to a positive interaction.