We've spoken several times with an attorney who specializes in this area of law, and he's assured us that our flat-fee investment club model is well established in the law and that we're not selling securities.

@Adriana Siu if you can get $3500 cash flow and have a low interest rate, it should cash flow well.

@Sunny S. hope all is well. 

I'm sure he can help with forming a LLC as well.

For me personally, I find a tremendous amount of value in going through programs that help me learn at a much faster rate then what I could on my own as well as help me mitigate risk/self doubt.

@Jonathan Orr  My husband and his partner were also “referred” to this lender, as well as another highly sus lender by a self proclaimed “creative finance real estate investor”.  

I have an air b n b in my hometown and it is quite profitable and works well.  

I read your post and everyone else's here and not one person knows how much protection you currently have in place.As someone who was accustomed to thinking (mostly) "offense only" I can unequivocally say that the best offense means nothing without good defense.Offensively, you seem to be well positioned offensively.It's hard to say what to do next because we only know how your offense is set up.What happens to you or your wife's plans if either of you lose your high paying W2?

I don't have a very big budget so I want to make sure I make a smart purchase and I'm even open to possibly partnering up with some developers and builders and or even provide them with some heavily discounted lots as well.

You may find, as I have, that the first decision to stage is the hardest but when done well data supports a quicker sale and more showings.