However, it was intended to solve the problems associated with majority owners of fractionalized interests being restricted by the lack of action or decision-making of minority owners.Have equal interests can be a disadvantage if a stalemate exists and your partner, when an entity or natural person, has different plans. 

It is my nature to be suspicious of especially good (looking) deals, I assume that I am missing something.Kelly

Everybody is different, and there is no right or wrong answer - it's comfort level.Obviously, because of the field I'm in, I do see the value of having insurance, but oftentimes investors may not feel that way if they have thin margins on a property, and are faced paying a large chunk of their profits for an insurance policy; especially in areas that have higher property premiums due to natural catastrophes, i.e., Florida.The bottom line is whatever amount you are willing to lose dictates if you will get that policy or not.

Im also looking to attend any REI meetings to meet and interact with like minded people and any info on time, place and who to contact to attend would be great.  

None of this has come easily or naturally.

When they know you are real and willing to interact they will be a very valuable and responsive list.Otherwise, you will just have a bunch of followers who are not worth anything and sure will not be helping you build wealth.

feel free to interact in the forums, meet some great people, and definitely provide more value to the community by sharing your thoughts, experiences, and of course, success stories!

That should also give me enough time to pay off a few grand of credit card debt and further educate myself on the nature of the business, thus further reducing the inherent risks in flipping.

I'm currently reading the Biggerpockets beginner book, and hope to learn and interact with everyone here.

Now, you simply have to work on the other elements to progress your REI pursuit.Ok, now that you have taken your initial step, below are some quick links to get engaged. http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate Success However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.