I'm in M1 - and @Michael Sjogren is a familiar face :)
Here's how it works:
You get put in a group of ~ 30 people. That group is then subdivided into two groups - two "PODs" (a smaller group in that group - usually 10-15 others) with two supervisors (presumably from GB?) who help with the logistics.
There are two challenges each week - usually one is a video from Rock Thomas that has you brainstorm how you are going to improve your life, limiting beliefs, etc. The other challenge is usually along the same lines (often exercise, financial planning, etc.).
The challenges or exercises might be things like filling out the "One Sheet" (which is basically a big spreadsheet with goals, net worth, etc). Other challenges might be about doing a certain exercise regiment (they have their "G9", which is pushups, situps, etc for 1 minute each), dealing with personal finances, etc.
After the first 5 or so weeks, your POD starts meeting virtually once every two weeks or so to hold each other accountable and share wisdom + present on a topic.
You're also assigned an accountability partner - I tend to meet with mine once a week and we discuss strategies for making more money and holding each other accountable to what we said we'd do the week before. About once a month grab a few beers in person (we happen to be geographically close).
There are two more things (and these are for all M1 members - not just your group): a very early morning call with Rock Thomas (on wednesdays) - usually it's basically him lecturing on a subject (they record the calls so you can watch/listen to them later). There's also a Monday call in which an expert is interviewed (this might be in finance, meditation, etc.)
There's a lot of content and lots to take advantage of - including connecting with members in other groups (but still in m1). (for instance: After doing my first 4-unit buy and hold, I've been doing some trading and was able to connect with someone from one of the other groups who does option trading for a living.)
Most of the members are involved in real estate, so if nothing else it seems like a great place to network.
As for logistics - it seems like M1/GB is still trying to figure things out. They do all of their communication on FB (in one or two private facebook groups - one for the M1 group your in your pod and one for all M1 members). Communication and finding things can be difficult at times. I'm surprised they've chosen to go with FB instead of something else (or building a custom site).
Regarding mentorship, I've found the program isn't really structured to get a direct mentor. This is actually what I was looking for but I think it's a logistics nightmare for them. I think, though, that there are still other ways to get mentorship in the program - something I'm still exploring.
I would say it's been very helpful so far to me - if for nothing else, just in personal budgeting. I would have said a few months ago that I didn't need to improve in personal budgeting, but I've already saved what I've paid for M1.
I signed up for the 6 month plan. I still have a few months to go and look forward to it, but wonder where/how they will be adding additional value.
I consider Rock Thomas and the org in general a really good one - certainly not a sleazy guru (although I suppose a thread like this doesn't fit in anywhere else on BP). I think they are out there to help you along the path and would recommend it to anyone who is looking for a way to improve their net worth.