I was primarily interested in pooling resources with other rental property owners to take advantage of economies of scale and divide the cost proportionately among property owners. 

Hope all is well, I am looking to Take a Job in a different City And Looking At Housing an Came Across a Home that is for sale.

But you just don't learn enough, let alone have enough experience to to it correctly and successfully from just taking a guru seminar, or buying a mentorship.  

An at sale you get to take some of the profit tax free and indefinitely defer the tax on the rest.It's an awesome strategy. 

Take this post down before more people see how ignorant you are.

But as 10 year Marine Corp veteran with 2 of my sons in as well, along with my younger brother in the Secret Service, we take great pride in our character. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

My friend wants to include me in on this so we can both achieve financial freedom together.The plan currently is to take out a personal loan together for the $20,000, put in $5,000-10,000 worth of work into the property to make it livable as soon as possible, move into the property ourselves so we don't have to pay rent anymore, and then refinance as soon as possible.

@Varun Parakh, Yes, that would work as long as you actually take title to 50% of the new real estate as a tenant in common with owner 2.

When I talked to Minut about this, they said they might update the language to reflect it can take longer to establish a baseline.