Market is toughening up, but if you find success now then youll absolutely dominate a stronger market!

My plan is to teach the students about the home buying/selling process and the role of an agent and all the different people involved.

Can I get input on JV structures when others have been the catalyst for finding and managing deal with other partner being involved in a lessor hands-on role but more on the money side? 

But if you're buying a portfolio of SFRs, seller motivation could play a bigger role. 

Disclosure: I am neither a lawyer nor an accountant - nor do I play either of these roles on TV.  

When setting up an operating agreement with a partner, there are several key points that should be included:Distribution of profits and losses: This should include how profits and losses will be shared among the partners, as well as how they will be allocated for expenses such as property management, repairs, and maintenance.Decision-making authority: This should outline who has the authority to make decisions regarding the property, such as whether to buy or sell, and how disputes will be resolved.Capital contributions: This should include how much money each partner is contributing to the partnership and how it will be used.Exit strategy: This should outline how partners can exit the partnership, such as through buyout provisions or the sale of the property.Role and responsibilities: This should outline the specific roles and responsibilities of each partner and how they will be held accountable for their actions.Other factors that many first-time investing partners do not consider include:Liabilities and Indemnification: Outline the specific liabilities and indemnification that each partner will have in case of any legal issues.Tax implications: This should include how taxes will be handled and reported for the partnership and how it will affect each partner's personal taxes.Insurance: This should include what kind of insurance will be in place to protect the partners and the property.Legal and accounting: This should include who will handle the legal and accounting aspects of the partnership, and what the costs will be.Risk management: This should include how the partners will handle and mitigate any potential risks associated with the property.It's important to have a clear, written agreement in place that covers all of these key points and other factors, to avoid any confusion or disputes down the road.

Other risk aspects, such as the proximity of a fire hydrant and the age of the building, also play a role.  

Their role is to point you to the right resources and to support you.

I think finding out what you want to do and what role you want to take will help.

If you find "deals" that the buyer themselves can find, you are useless to them.So again, don't be lazy and/or useless.Become the king of your mountain and dominate your space by being awesome... just like me, and maybe (MAYBE) Jay here!