Hi Mike, great question! I can personally attest to the legitimacy of my friend Josh, Strategic Real Estate Coach, and Freeland Ventures (formerly Strategic Freedom Funding)
I created my account with the sole intention of responding to your topic. For the record, yes, the "entry level" rate is 6 + 16 + profit share which is based on the amount a borrow puts down.
SREC members have access to different terms based on their relationship with SREC and, most definitely, their level of experience in the industry. For example, a high level member's rate is 3 + 13 and NO profit share.
Additionally, investing in the fund as a lender is something anyone (who, perhaps, might be looking for a better ROR in their self directed IRA) can do.
If it's something you're still considering, just call in and talk to someone. I'd give you my number, but I didn't pay the fee for a Pro account. And, honestly, I'm not being paid a dime to respond to your topic. I just really love helping people, and I believe in what we do, 100%.