It would be one thing if he were to say publicly, “I made a mistake and thought that the REI model I was running was sustainable.

I’ve done multiple models (LTR, MTR, STR, Fix & Flip, etc) all with varying levels of success, both in the City and the unincorporated County.

I pay myself and my wife a combined 120k/yr for this service (5-7 homes per year).2) My previous 19 SF BRRRR's are cash flowing 74k per year (P.I.T.I.) and in my current model, this Cash Flow is increasing by about 25-30k per year. 

What's his schedule like, can he agree to do rideshare, food deliveries, or a second job on his off days to guarantee rent?  

I again suggest going back and reading my actual words and statement's, detailing how the books are cooked, I never detailed illegal activity, I detailed an executive branch changing how data is compiled and calculated because they didn't like the result, so instead of changing input's, they changed the calculation models until results fit the desired narratives. 

We are/were hoping to put a $60-70k down payment on a higher-end 'A' new build property with Rent to Retirement as I really like their business model/community, rather than a smaller down payment on a refurbished property in a 'C' area.

Cash flow varies unit to unit and seasonally, but is consistently a viable business model. 

A Syndicated Proactive Product Solution converts your repeatable project design cost into a investment vehicle, not only puts you in control of the whole project delivery process but also brings you repeatable product royalty fees in any projects adopted  the same product in the future, even the projects belongs to other people. check this out on Linkedin: https://www.linkedin.com/posts/karl-dixon-2b964656_ace-king-...

Look at each facet of that business model.  

What is your business model?