Hi, My husband, myself, his sister, her husband and a friend are wanting to pool our resources together and buy a property to renovate and sell for profit. Amongst the group we have a carpenter/builder, accountant, procurement officer, legal professional and a law enforcement officer. We have a long positive history together and each of us has our own investment property separate to the upcoming purchase. We all live on the Northern Gold Coast and want to purchase in our local area. We plan to buy a freestanding home, renovate it and then upsell. We have trusted plumbers, electricians and builders we can call on to help us renovate if needed. All five of us will contribute an equal share of deposit/costs for purchase, as well as contributing equally to the cost of materials/purchases necessary to complete the renovation. Of course we will rely more heavily on the skills of the carpenter/builder and accountant during this process and their expert knowledge and abilities must have a value........ My questions are..... Has anyone on this forum been a part of a small investment club like this? If so, what were your experiences both positive and negative? What legal framework did you use to set it up? One couple will live in the house while it is being renovated, they will be paying reduced rent during that time. Would you suggest a lease be signed for the tenancy? How would you suggest we put a value on the work done by the Carpenter/Builder, Accountant or general labour by the rest of the group when working out the final profit share at the time of the renovated properties sale? If anyone could give us some advice on how to start this process and formalise it so we have less hassles down the track it would be most appreciated.