I have 3 main questions that I'm hoping some of the pro's here can help me out with.1.

I really would like to secure this deal but i'm running into issues.. 1) I bought a 2 Fam 8 months ago (main residence) so my mortgage broker said i'm maxed out.

I'm in the process of setting up my company, which includes but is not limited to: Locating HMLsChoosing my main farm areaConnecting with wholesalers, lawyers, contractors and REI friendly RealtorsCreating a solid marketing planLocating local REI meetingsPutting together an LLCAside from all of that, I'm reading, reading, reading!

The main drag is I think,  big services companies and the hipsters/artists wanting to live and work in downtown.

I don't imagine any eviction notices would be published in the local press, mainly because of space and manpower issues (not to mention, most newspapers keep far away from landlord-tenant disputes).However, the info itself should be public information that is readily available, regardless of state, because it is a legal action and can be found in court records.

This is where most of the county's population growth is going to be channeled for at least the next generation, as a main part of the overall regional planning.

(I am not interested in just borrowing the funds for various reasons; mainly because I have this uncomfortable feeling of owing a friend this much money...even if I know it's somewhat secured in a property)Is 50/50 split ownership fair?

Those are the main issues that I've noticed, for now.

My experience is mainly in managing large commercial projects for the last 10 years.  

Make sure to listen to all the BP podcasts, read the articles on the main blog and be active in these forums to learn a ton very quickly about any topic in real estate you want to know more about.This is also a great place to meet people that can be assets to your business.