So everything your saying sounds right..Heres what concerns me: When we were trying to work out the split-he actually wasnt willing to do 65%-35%.

After looking into their website it sounds like a great option for true passive real estate investing.Here are some key take away from their brochure...- No lockup period- Monthly distributions with no fees- 14 years in the business- Over 2,000 loans originated- Stringent lending process with solid approval guidelines- Promises an 8% hands free return- Combines private cash and IRA investors into a pool for loans- Funds are used by real estate investors to buy and rehab distressed properties which are insured and liens have appropriate title insuranceThey have 300+ inventors, closed 2,000+ loans, $550m+, and 0 loser since 2008 when they opened.

Something else that was brought up was the ability to get the property insured once the rehab was complete- apparently one of them had issues finding an insurer willing to take on the property.

I know that sounds crazy, but its true.

so it sounds like you're planning to buy properties that won't support the debt and expenses as standard long term rentals, but will if you rent by the room?

One of my friends said to subordinate the land to a GC willing to build/sign completion guaranties and bond and we split profits along the way. 

Sounds smart!

Hello all, I'm completely new to real estate investing and looking forward to learning more. 

It's completely renovated top to bottom and has roughly $200K in the renovation.

I have completed a successful fix and flip and multiple remodels.