BP is a wonderful vehicle for your journey, this community is number one.

I wouldn't wait to invest in other investment vehicles until I had 100k.

So, with your first observation, you have to Plan to have a Team that you know and Trust in order to set up a Business using a block of apartments as your vehicle.

Asking price is $1,000,000 Below are a few of the details about the facility6 Gin San Self Serve Bays with new electric drying system1 Automatic Drive thru Laser wash 4000-REBUILTWash Select II Auto Teller with cash/credit card acceptanceStandard Change Maker dual change machineGin San Reverse Osmosis “Spot Free” machineWater softners with 2 alternating tanks for production and deliveryAir Compressor6 vacuums,( 3 regular, 2 fragrance combo, 1 carpet shampoo6 drop shelf vendors for product purchasesCompaq PC for credit card processingScanCoin Currency counterSemacon Coin Counter16 channel DVR plus 9 cameras with remote viewing capabilityHonda Power washerFull supply of tools, ladders, etcInventory of spare parts and chemicals,Roadside Marque sign

If your looking at more of a passive investment you can look to a syndicate and you can expect to get 8-12% returns in that vehicle.

If they didn't do that, they would starve when winter arrives.The Future is VERY important.Another analogy I like to use is to Drive your Investments like an Investment Vehicle.When you look at past Data such as previous Sales, you are looking at the Rear View Mirror of your Investment Vehicle.When you look at current data, such as the current Rents and Expenses to calculate your Current cashflows or your Cash on Cash Return, you are looking at the side view... watching the action go by as it is occurring.When you look through the Windshield of your Investment Vehicle, you are looking at the road ahead.... seeing the path that it is taking you... and all the obstacles in the way.You are less likely to CRASH your investment vehicle by focusing on looking through your Windshield than remaining fixated on the Rear View Mirror or the Side Windows.If the bridge is out and you fail to see the bright red warning signs..... if your eyes are not looking straight through that windshield........ you will Drive your Investment Vehicle into the abyss down below.So please.....

What is your money getting you now in whatever investment vehicles they are in verses the real estate investment.

@David SimsWith the proper investment vehicle (such as a Solo 401k or IRA LLC with checkbook control), the investor has a lot of flexibility with regard to how they may want to structure these investments.

Also he has a slew of vehicle related issues under his criminal report. 

So please keep that in mind when forming the entity.If you guys decide to do a buy and hold strategy - some type of partnership vehicle will work(GP, LP, LLC with a lot of people opting for the LLC)Fix and flips + wholesaling will likely want to be done in an s-corp if you expect to generate a decent amount of ordinary income.