More due diligence and follow up, does this person have a job that's consistent for at least a year?

Personally, I self manage but have built systems to allow it to be fully remote and very passive.

We're based in Tampa and, in addition to personally investing, I own a mortgage company that provides financing for tons of investors.

I would love to learn from an experienced person like you as I want to grow my financial security.

He’s not a pushy salesman, and I’ve got a business partner who has worked with him for the last 10 years without any issues.As for your situation, I wouldn’t say it sounds like a Ponzi scheme, but I’d strongly recommend meeting with the fund sponsor in person and asking as many questions as you can.

@Jerry Chilimidos I am not a CPA owever my understanding is any loans to your IRA can not be personally guaranteed.

My wife is a realtor and my sons are MLO's and we started a lending company last year :)We do STR's mostly personally with our own properties and self manage all of them.

They actually have a licensed person in California.

Insurance- personal property.  

Quote from @Jeff Sanders: Personally coming from an agent/investor in CA, I always get a quote from a broker of mine and make sure I am knowledgeable with the fees/costs.