A scam is defined as a dishonest scheme; a fraud.

Has anyone ever used Capital Three Sixty as a HML?

In my limited thinking as a note investor, I’m not sure why that would be happening.Here’s why I say that.

As a investment property lender we saw a lot of success with flips but an even bigger jump in BRRRR success with borrowers holding as long term and short term rentals. 

I have a duplex I have been renting for almost 10 years and want to use the equity in that property to use as a down payment on a storage facility.

Very simple - tell them to call me if they can't figure it out.I would not tell the tenant what I was doing and if it was ever discovered that I had done it - I would explain that I did it as a standard safeguarding of my property - in case the original thermostat should ever fail while no one was there to monitor the space temperature - the backup thermostat would save us all from freezing damage.

If your medical condition qualifies as a disability and your current living situation isn't suitable, you might have grounds to break your lease without penalty.'

I missed a lot of flaws in that house and I had some painful years as a result.  

The more junior sponsors are seeking more of the first two bullets; but fortunately you're also yield-seeking as a non-accredited investor so there is alignment.  

I am just saying what i have done not necessarily that would fit your needs and certainly as a Anderson client you can get their opinion, book a consultation or  ask your question on tax-tuesday  webinars.