And with lehigh there are still 100k or more vacant lots so you have a classic supply demand.Lastly  ATL  land deals.. this one still bugs the crap out of me..

When confronted with defaults and not being able to continue payouts to investors from income, the fund resorted to funding crap deals at outrageous LTVs supported by highly inflated appraisals, because they could charge 10 points and use the points to pay investors.  

Well, bull crap to that!

Depending on how much I had invested I'd be up many nights trying to decide to keep throwing money at this or not.Being totally honest, if I had any significant money invested in these funds right now I would be crapping my pants.

So they put crap like that in the presentation to make it sound better, or they don't have a clue. 

@Geoffrey S.There is a learning curve if you are unfamiliar with accounting or never used the software before.I would suggest watching the tutorial on how to use the software.

@Steve K.I would rather goto Vegas and bet on the craps or the slots .

Though to be fair there are probably more than a couple of pension plan managers that are probably crapping themselves right now.

All that "certainly yes" cheerleading (and other Grant Cardone-style baseless crap) is best ignored.Read this older thread that states my opinion on the issue:https://www.biggerpockets.com/forums/51/topics/1124042-tax-d... 

I understand that isn't what you thought initially but 15k is insane to get what you got and ended up with.There is way to much social med. crap that "get rich quick" is a pure and total smoke screen regarding real estate.