If they are not interested or don't have experience in managing rentals then may want to reconsider something more passive and liquid.   

Because according to them, Austin has a supply shortage. https://www.eventbrite.com/e/how-you-can-achieve-up-to-22-re...https://disclosurequest.com/form/lcp-austin-dev-fund-25-llc/0002022266-24-000001

I simply shook my head.Unfortunately social media has made it easy for these bad actors to get in front of their target clientele and it's normally the  clients who have no liquidity, poor credit and very low chances for success to begin with in this business and put these courses/mentorship on their credit cards who fall even further behind. 

Those type of buyers are trying to beat the bank for yield they can get there.I typically ask what a potential clients goals are with their current income from a job or business, age, family info, how much passive income they want to eventually achieve annually, current net worth, and liquidity levels.

Hi, Victoria E., it’s common to ask for a down payment of 10-20% of the sale price. 1.

You have some good advice on diversification above from @Stephen E Drew.

And the trustee could see that the chapter 11 was not sincere so they basically took everything and are liquidating the assets through auctions.  

@Toby Khan can I ask what your favorite sources are on population data?

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

It costs about $3-5 per month per door… one of our favorite landlord tools by far.