This is probably the thing that burns out people who self-manage more than anything.2.

They are a national organization that promotes all kinds of creative real estate deals. 

If you don't look at them before buying in person, you will get burned at some point and regret it.   

The overall LTV (including all 3 mortgages) will be key and your selling point will need to be that the 2nd mortgage ($8k) will burn off in 2.5 years (based on your surprise that it was even out there, I'd recommend that you follow up in 2.5 years and ensure that it's been satisified, so that it doesn't surprise you again in the future).Does the $8k grant vest over the 5 years? 

You will burn yourself out feeding the beast each month.  

Everytime I've been burned they talk a great game up front.

Fund of fund raisers need to do a much better job including descriptions of both double promotes and possible implications for LPs investing through a fund of fund vs directly.

While this is a way to buy property for most they burn out in the first 6 months since its so darn hard to do it..

I was burned out on renovating the property. 

If you have money to burn, and actually have a successful investment/loan with this company, let us know!