Deal- your looking for a property that has a large RV/Vehicle/Boat storage portion, or extra bare ground. 

I was debating throwing in $25K, but his PPM has classic red flags/stay away when I read one of the earlier funds' PPM 1 year ago.Not promoting GC here but what's wrong with opening up a legitimate investing vehicle for non-accredited investors.

UBIT applies to all tax-sheltered vehicles.

Did you include all of your marketing and management costs in your model, such as AirBnB/VRBO-type fees, cleaning, vehicle costs, maintenance, etc.?

Multiple, billion dollar companies are investing heavy in our area, such as Intel, Google, and Amazon.

You are heading in the right direction with your interest in Real Estate as an investment vehicle.

Everyone who touches the property along the way has to do their job, or at the end of the line, you'll have a vehicle with missing pieces, wheels that have fallen off, a vehicle that cannot be trusted and a client who will be shopping for a new PMC.

Wait for a heavy rainstorm and come back with a moisture meter to see if there is moisture present at the time. 

As a beginner with money on the sidelines, I would wait for the next recession before going heavy on RE.

If you pay back all the upfront capital needed to fund the deal, the return becomes infinite after that, so that plays heavy.