Live in one unit, get your buddies or other classmates to rent the rest of the building out and make them pay your mortgage, and maybe even cashflow it for you.

I don't see how that can't be illegal.As long as they aren't paying people off, there is nothing illegal about me agreeing not to bid against a buddy of mine.

After first-last-security deposit is paid, he and his family are moving in, my new best buddy has his house rented, and I'm making $200 a month until they qualify for their loan in about a year or so, at which point I get the difference between what I've negotiated my seller down to, and what my buyers have already agreed to pay.I go out to my car to get my paper-work, and find that I have several copies of contracts for cash-offers, but none for lease-options....are you @#$%ing kidding me?

I went to my buddy's office here in Brentwood Tennessee and saw how he ran his business and it made me feel stupid for not taking this seriously.

I had a buddy investing there and I pretty much rode his coat tails.

I suppose since he is your buddy of a long time.

Bc my Singapore buddy called me saying they got an offer on great deals in Detroit from London base firm!!

Honestly buddy, you seem to be suffering from analysis paralysis.

A few buddies and I have been inquiring with banks about how to obtain money to form an LLC to buy and hold properties long term.

It might not hurt for you to make your investing buddies aware of the mentor's techniques.