Then the work will begin.The HomeStyle loan is ONLY for Single Family Homes.Other Important Items to Know about “Conventional” Renovation LoansMaximum – Minimum Purchase/Upgrade Amounts:Minimum: $ 5,000 (below this on an exception basis only)Maximum: Limited to 50% of the “after improved” valueOccupancy: Primary, Second Homes, Investment PropertiesRenovation Term: The renovation term for this program is a maximum of 180 days.The Borrower(s) is responsible for the work being completed within the escrow period.

@John Warren @Michael Ablan @Anthony Dooley  -I bought it at $455K in suburban Boston-It's currently worth $460K without improving the property-3 unitsI have own this property for 3 months so far.

The title agent from Alabama said this is not needed, but the lender is saying it's needed to meet investor requirements, whatever that means.My wife fully supports my real estate endeavors, but does NOT want to be involved. 

You definitely want to get either a Title company or a lawyer involved who can run a title report to make sure what you are buying and from whom and how much is owed and to whom is as represented.

The plan is one formal meeting each month and other optional meetups like checking out a property, having a local event at someone’s house, and possibly two charity events (5k run/walk with funds raised going to HUD or other group who helps people with housing)You can be as involved as you like.

No financing involve?

This seems risky to me because the improvements you are making will raise the value of the home which gives the seller a conflict of interest.

.  :-)Thanks again and I look forwarding to more involvement in the forums as I progress.  

Real estate investing feels right to me and I want to get involved, so I've been reading a lot of books and internet forums trying to learn more. 

The question is whether or not all parties will be actively involved in the deal (JV/partnership) or if there will be one lead/sponsor/general partner and the rest will be passive investors with expectations of return on their money (syndication).