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Your goal is to control the property without risking any of your money.  As the Syndicator of group investment, you need to perform a Due Diligence investigation of the property.  An acceptable alternative is the use of an Option to Purchase.  The Option gives the option holder (you) an irrevocable right to purchase the property in the time period specified in the option.  If you don’t purchase the property, your option payment (called “option money”) is gone.