Anyone having issues with stolen air conditioners should check out PropertyArmor.net.

I would stay away from Payne-Phalen, no security system is going to help you very much as I knew renters in the area who had their lawnmower stolen as they were letting it cool down after mowing within 3 minutes of leaving it, others who had "tricks" getting turned in their detached garage and a teenage girl was just murdered there last week.  

Unfortunately, I've had a number of my ads stolen on craigslist. 

The money for legal fees should not come out of the fund from the investors stolen money.

I ordered several of these units and had a unit stolen and Bruce was unable to track it.

The ROI seems great, but after a A/C gets stolen, a couple of trips to evicition court, that 20% ROI turns into a loss.I pick areas that rent for at least $850 a month and the neighborhood has a few retails sales.

We worked on the house for a couple months and never had any issues with the neighborhood (not so much as a stolen tool or broken window).

It is important to keep an eye out because sometimes signs aren't posted on the curbside,  they might be inside the windows if the agent feels that there is likelihood the sign will be stolen or disappear.   

Other capital is in riskier investments for long term growth (stocks, Bitcoin, etc).

He may have stolen your money AND your identity.