Background: I am an undergraduate student starting a real estate fund with $100,000 pledged from the Administration.

As mentioned above I am starting a real estate investing club on my college campus with a good chunk of change from Administration. Our plan is for the club to act as a limited partner in real estate deals and to teach students about investing. The other founder and I have corporate real estate experience (Commercial Real Estate IB and real estate PE internships) but are not experts. We have a few mentors who are alumni operating smaller GPs who could provide deal flow and hopefully mentorship as well).

What should I be considering that I may not be? (I.e. Legal implications, etc etc)