No matter the structure, this usually works best when one or two take the active participation role while the rest take an inactive role.With that in mind, you will want each person to compliment rather than conflict with the group.

I'm a college student who goes to UCONN and I want to get started wholesaling real estate in my region.My goals are to first get a job, and once I have some money to work with, use it to start marketing once I find a source of motivated sellers, and to find a real estate attorney I can see for free or cheap about creating legally sound purchase agreement and assignment contracts that work for me.

This will be a minimum interruption because the tenants are mostly students.

My deductions will largely be home office, travel, student loan, and some education expenses.

Sometimes a utility company will bill you additional fees to re-start service if you don't participate in their landlord program.

A lot of interaction/questions between instructor and students.

Here's the important part:we owe over 100k in student loans...lolNot something to laugh about, either out loud or silently.Clean up that mess first.

You can't just partner per se unless you have a contract to have an interest in the property which is "control", the owner might deed 25% interest to you, but that has loan issues, options in Tx are limited to 180 days, contracts for installments are not allowed, so your degree of participation, what you can do is limited by your marketing time.Doing these deals is working backwards, the end sale, the construction work, catching up the loan, entering into agreements, we need to map it out first as time is money and the bank only has so much time as well. :)

Stressful experience but it seems to work for them, as many people participate in the process which keeps them in business.It appears there is no urgency to close transactions and we on the other hand are anxious to move on and consequently, frustration.

It has had the greatest impact on the financial industry since 1939 I'd say, it's not just another regulation but impacts all aspects of consumer financing from student loans to credit cards to mortgages, it's a big deal.