First time investor here looking at finding my first property. 

Every investor ranges on what they will buy for but a broad range is 70-80% of the ARV.

If you fail to follow the rules, you may open your personal assets to a lawsuit.

I have some investor friends and I'll try to see if I can pay one of them to be my PM.I made a few seller finance offers on some on-market properties earlier this year as well. 

Also deal flow is going to be bigger for 1-4 unit so I personally think that's an easier start for first timers.Good luck!!

Which means you've got to talk to the person who failed it. 

We may recommend this to be done in writing and depending on the level of commitment between the two of you with an agreement or the formation of an LLC.Additionally, since you are looking at the Indianapolis market, we may recommend forming an Indiana LLC to engage in the renting of the business, and potentially a holding company beneath it if you both are concerned about any personal liability exposure and/or anonymity.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

Hello, I am interested in joining another syndication as an investor in Detroit.

However, if you don't have a business entity (LLC or partnership), then it depends on who actually paid the taxes from their personal money. 

As a property manager, my biggest fear when I get a message from an agent is "hey, I just got my first time investor under contract and now they need a PM!"