@Russell Brazil I know these can have issues, but ultimately, the unit will have access to the garage door openers.

Second, let's assume the 14% projection is net of all fees and carry, that means the underlying sponsor actually needs to create a much higher than 14% return to Wellings to ultimately net you the 14%.  

She is already invested in this as a builder and even offering financing.This is now obviously some self promotion...

What happens in situations like this is they start by going after the promoter and then go after every customer of the promoter.

Happy to send it directly if someone wants to DM me.The guide is unattributed and has no promotional content other than on the last page there is a brief mention of the RI Coalition of Housing Providers (a landlord advocacy group which tried to work with the legislature to mitigate the challenge of this new law) and RI Real Estate Investors Group (a networking and education group that has educated RI landlords on new laws like this since 2003).Hopefully everyone reading this is already aware of this new law and has already submitted their info to the new registry!

Ultimately would like to make connections so thank you SO much for your time and willingness to lend a hand to a new investor who is staring down into that water, wondering if this is the right leap...Much appreciated,Jon

Don't accurately represent the neighborhood/property classification.Don't have consistent rehab standards for all propertiesDon't provide a scope of work for the renovation that they have done.Are they a turn-key company or are they a promoter?

Normally I would remove this post as self promotion- the original poster is a lender.

Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

The danger of signing up with promoters of a tax strategy.A lot of times, you hear about a specific tax strategy (REPS, STRs, syndications, 1031s, DSTs, conservation easements, and so on) from promoters who target a specific group of people.