Your friend's funds should also be paid into the purchase escrow account (not to you directly) and the note should not be in excess of your state usury law.

A college degree will increase your earnings potenital, which will allow you to invest more of your excess income in real estate.

Then you have bigger problems than figuring out what to do with excess cash flow-- huge financial headaches, the threat of foreclosure, tainting your credit,etc.

Because their projects need to generate excess of 12% to compensate them and you for it. 

A place to learn, grow, interact, build confidence, initiate action by doing 1st REI deal guided or unguided or as a result of proof shown by others that it can be done.The BP community has changed many lives forever, created several millionaires, made many friends, discovered business associates and anchored many REI deals.The many resources and archives of posts, podcasts, webinars, blogs, guides, books to name a few things that supply the fuel to this vibrant community can never be duplicated. 

I invest out of state in areas that I am familiar with and so far I am happy with the appreciation (in excess of 12.5% for the first six months of this year) and net positive cash flows above 12% on my down payment + CCs. 

Aside from the bounced check, they left with damage to the property, didn't clean, no evidence as requested that they maintained pest control, all of which will cost well in excess of their deposit to rectify.

I have money to invest in the form of cash in SD Roth IRA LLC + excess equity that may be tapped via either sale or cash out refi.

Also what happens when you refinance (instead of selling) and market value declines hence you get stuck with a mortgage in excess of the assets market value?

If anything, it states that if there is determined that there is excessive violations at a property that a Remedial Action Plan with the city would be required.Here are a link that might helpCMPD Rental Ordinance