So if you plan on publically advertising for investors or doing massive syndicates then you need to study up, but if you plan on using your self directed IRA or your business partner's nest egg to buy property then you should talk to your accountant, your attorney, and/or your financial planner and skip the trip to the Securities and Exchange Commission.

(Case study deleted) the podiatrist would have had to serve atleast 34 patients a day, 5 days a week.In the last two cases cited, the contractors did not become suspicious untilthey received complaints from family members and beneficiariesthemselves.

You and the other owners should be going to the board meetings and learning (studying) your laws and your documents and discussing them.

I have been studying and reading all I can on the subject of investing and just looking for networking conections to help me get started and maybe avoid some of the bigger mistakes that have caused so many others to fail.

I would think a new member could get negative #'s in a hurry, and possibly not deserve it if they hadn't really studied the rules in detail.

My quick advise to you is study the field first.

You can read and study as much as you want but it can never compare to real life experience.

Seeing real value in the Mobile Home Park business I studied the market for several years and pulled the trigger on my first park in early 2008.

Jon,Perhaps not another residential real estate bubble but, Yes we are stetting up for several possible bubbles.http://www.uncommonwisdomdaily.com/is-the-crisis-over-6586Above is a link to a video by Uncommon Wisdom they are associated with Weiss Research (they have been very consistent in there predictions and were one of the few that saw the subprime crisis coming) and the FOUNDATION FOR THE STUDY OF CYCLES, INC.

Thomas-- I am in the process of getting my realtors license so I have access.I think it's worth it so you have access to all the REO listings, as well as the most accurate system to do comps.It's boring but the few weeks or month you spend studying will probably (I'm assuming) be worth it if you're serious about being an investor.