I can't stress enough how important working on your processes is, do it now and make your life easier down the road.  

Makes an important distinction as I like to think of an exchange as kicking the ball down the road and that is the reason they are not heavily audited.

Even when I invest with family, I have everything written into whichever agreement we use so that down the road, we can review the agreement for clarity.

it's not because I was able to bring my wife home or the amount in my bank account(s) or any mushy mumbo jumbo I believe I'm Rich simply b/c no matter whats happens today, tomorrow or next week I've got the knowledge to get back up and quickly get back on the road to riches.

I attempted it, had a building on a main road in contract.

You will be amazed at how they all come to you down the road "asking you" if they can get in on your deals.Again it takes time, even years, but patience, PERSISTANCE, and determination will grant you success.Scott,You are right, you hsould have no problems getting such a small amount from just one source, no need for multiple investors at that level.Try buying a list from a list broker with individuals who own CD's in excess of "x" amount (in your case $50k or more and then send them mailers,emails, or calls.A lot of time you will get the answer of, well my CD does not mature for another two months.

Should she be aware of projected major building plans, especially industrial and road building?

The new investor had ideas about increasing the rents on these three tenants but 8 monhs down the road he turned the building over to a low fee property manager and just wants to keep rents the same and limp along with changing filters etc.

We have 2 ideas for our road to success, but I would like some further advice from you guys to see what exactly is our best move.My first idea is to put a down payment of around 20,000 on a 4-5 unit building and start renting for around 600-800 w/o util.

I've been down that rough road.