Here is the proposed language (which I do not believe has not been run by a lawyer and seems not totally thought out...)

So if I were to lose this money on a bad deal, I wouldn't have any money for my lawyer's fee during the divorce process because that's where I'll be if this doesn't work. 

If it is on a cocktail napkin or some other form I am going to recommend you have your lawyer read it first.

i always recommend folks give the OREC forms a try,  they are pretty good and several lawyers are involved in reviewing them as they are put together.  

contact a lawyer....and/or get that in writing from them

Connect with other investors face-to-face as much as possible.Also, assemble your power team: *Realtor, *mortgage broker, *lawyer, accountant, contractor, home inspector, insurance broker, mentor.* = must havesHonestly, a mentor is a must have too, but if you're not ready to pay for one, a good mentor can be hard to find.

Suggest a good lawyer etc.?

I know a syndication lawyer will prepare most of these documents regarding our investors, but I wanted to get an understanding beforehand what will be needed from my investor base when they start to invest in my MF deals. 

@Shmessica Shmilcott I’m sure the judge will love that you used a fake name on a forum instead of using a lawyer.

I'm just in the research and learning stages, but I've heard a lot about the eventual need for buy-and-hold investors to contact many different people: lendors, realtors, contractors, lawyers, property management companies, and others.At what stages of the process, from initial research to becoming a landlord, do all of the members of your eventual team come into play?