Thanks A Lot For Your Positive Participation.

You can "assume" a note as well, but this is suited for brokers.You are not going to get an education in notes with a program offered by a broker, what you get is a marketing program education, something designed to allow you to understand enough to participate in transactions, usually they will mostly lean toward the offerings of that brokerage.Years ago I attended a paper seminar and played dumb, the guy was going to "teach" the paper game.

Question should be, what's the value of the participation of each.

If I am not mistaken, anybody involved in the transaction has at least some liability which is why I know there are several brokerages that don't allow their agents to participate in some creative type transactions that they do not have state approved realtor contracts for.

This is a truly passive investment vehicle that will allow you to participate in all the benefits of real estate - cash flow, appreciation, tax benefits - but not have to be involved in any of the work. 

If you've only got the three days a week to participate, you're going to need to have an awesome team.2) I actually love the idea to come into someone else's deal as an LP. 

But mostly it will involve your active leadership and participation(ie, site visits, status reports, performance penalty/bonus, etc).Personally, the more I read about and develop my leadership skills, the better I am at dealing with contractors.

Tidbits of what we know: It sounds like 3 program participants would stay here (potentially alone without supervision, Worth mentioning I don't know the participants yet as they have not yet been selected).The participants have a highly structured day where they would leave early in the mornings.

I like to start expressing my gratitude for all of you who have responded all my queries, participated on my posts by sharing your comments or suggestions. 

Don’t micromanage, but let them know that you’re an active participant.