Finally, we're hopefully all here on BiggerPockets to help and encourage each other so I'm trying to not discourage people in their endeavours unless I have a personal knowledge or experience about the situation that I believe they would benefit by knowing.

Your post has encouraged me to give up on them.

My wife and I are very serious about starting our rei business. We don't currently have a property although we have narrowed down the market and have been looking at a lot just haven't found the right deal. Only thing...

I encourage all others who have been swindled or have had similar experiences to share them too and to submit complaints to the Better Business Bureau, Department of Consumer Affairs, Consumer Financial Protection Bureau, State Board of Accountancy, Federal Trade Commission, Police Department’s Financial Crime Unit, and the District Attorney.

I might encourage you to increase the assignment fee so that you have room to negotiate. 

Certainly purchase and keep your property open to it but I would certainly encourage you to run numbers based on the standard rent method.Hope all of that makes sense.

What I would encourage you to do is to compare how much cash you currently have invested out of pocket in the deal and also calculate what the cash flow is for that property.Cash flow is the income (rent) minus all expenses: mortgage payment (including principal, interest, taxes and insurance), average maintenance costs, capital expenses (new roof, hvac, water heater.

Hi Jordan, I would encourage exploring markets like Merced as well but it depends on your strategy.

I encourage all others who have been swindled or have had similar experiences to share them too and to submit complaints to the Better Business Bureau, Department of Consumer Affairs, Consumer Financial Protection Bureau, State Board of Accountancy, Federal Trade Commission, Police Department’s Financial Crime Unit, and the District Attorney.

There are also some guidelines that you're encouraged to follow; any deviation from the guidelines must be identified in the PPM.