This is what I am looking to do...Need feedback

[Mikey Kay]

I want to start a buying group, where I go out and find the deals and I get people to put up the money. We rent it out and I have the same or equal amount of ownership of the person who puts up the money. I would take care of all the rentals and bills ect....

I wanted to know the legality, the plus side and downside, and how anyone would go about this.

Any help is apperciated...I am young and willing to soak up the info...

and FYI- from all the forums I have been on researching...this site def has the most knowledgable people!! :D