I feel no reason to begrudge him the 2.5% if it means building good will and more potential deals down the road.Am I being swindled or am I doing the right thing?

The best I could make out is that you worked for someone who let you go, you sued your employer, the federal courts and some other people, and that you have some people in your family tree who were allegedly swindled out of your family's inheritance years ago including the land the White House sits on.

Sorry to hear that Loserboy swindled you as well.

Hopefully, you did not get swindled by any brokers on BP that convinced you to buy in Old Brooklyn etc...  

We as professionals don't think "oh here's someone who we can swindle, let's not use the procedures and expertise we have and approve whoever walks through the door first!"

I need someone to tell me what is "going" to happen in an effort not to look stupid or get swindled.

Recently, my wife and I started our journey into real estate.   We read the books, listened to the podcasts, watched the tutorials, thought we had a good team.  Then it all went south.  We found a move in ready 2/2 co...

The fact that you would potentially put yourself in harms way to secure a deal that you would need to swindle your end buyer on raises much larger questions about your priorities.

The purpose of these funds, so far as I can tell, is not to derive yield from direct investment, but instead use the rental projections to sell the underlying assets to risk-averse institutional investors (read the same pension funds and municipalities that got swindled during subprime) at inflated prices.Quick numerical example:Buy a house for $200,000 that rents for $2,000/mo.

We had a mortgage company here in Naples that swindled a poor man out of millions of dollars.