The operator in the market I chose ( Memphis) A Cpa I knew from BP  and one of the most respected syndicators on BP who could help with raising funds.

Hey everyone, Saw this post today in the forums and I wanted to chime in to clear up some confusion.Our current fund offering operates as follows:- The Fund invests in 1st and 2nd position liens nationwide, backed by hard real estate.-  Investors may participate by purchasing individual shares at $5,000/share. - The minimum investment is $10,000 (or 2 shares) so small-balance IRAs, HSAs, and Coverdell ESAs may participate.

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

And it is very straightforward to file these, so I would expect it to be well within the scope of any operator sophisticated enough to pull off an owner financed deal. 

Passive investing takes time up front to educate yourself, find operators and deals - but after you invest, you have limited obligations.  

@Shane Cordrey - Are you looking to primarily invest directly as an owner operator or have you also considered investing as a Passive Limited Partner in Multifamily ?

Vacasa doesn't operate like that, they don't allow the owner to do that. 

@Robert Lum  you bet you can troll around a site like BP read their books listen to the pod cast of those that are successful and talk about their business's.. its inspiring and motivational.but if you really want to learn the nuts and bolts you need to get in the game.the best and least expensive way to do that is to simply take a pre license course in your state.. learn the laws ( the real laws not the BS that is talk about on line).. terminology etc. then go to work with a brokerage in the aspect of Real estate that interest  you.. there you will get REAL training by those that are successful you get on a team.. you get paid as you learn.

Also, the ability to export reports for partners or lenders would be a plus.Essential Data/Analytics: Reliable rent estimates, cap rates, cash-on-cash return, operating expenses (especially maintenance and CapEx), and local market trends like population growth or job market health are key for decision-making

Those who run such a failed operation surely will have significantly degraded the assets and operations as well.