But, you're right either way, I want to get some investment properties but the market here isn't enabling it.

You are just enabling trouble for no good reason. 

@Daniel DietzPerhaps you can have Frank put the 300k down and take out a 300k loan to purchase the property and then shortly thereafter cashout refinance it  at 75%ltv (450k).This would allow you to return 150k to Frank.By structuring the transaction this way, Frank will have access to the cash he wants while enabling him to defer taxes on the whole 300k.I believe this would be a permitted transaction but I'm not an expert on 1031 so you should definitely double check with @Dave Foster.

There is another Bryan Chambers who lives there and runs a legitimate construction company and has had nothing but trouble as a result of this guy.  

If you are getting advice, that can enable you to replace your current income and/or build wealth for your family and future generations, don't your think that the people providing you these tips should be compensated?

After a year or more you should have enough equity and experience to qualify for a standard bank loan which will enable you to pay your Dad back.$25,000 loan8% interest$183.44 monthly paymentI hope that makes sense.

Section 8 is a legitimate government program.

Thanks Chris and Jay for ur response...really appreciate ur feedback ..Which firms does legitimate syndication and how do I go about handling the PPM for the investors ?

Does anyone know if this is legitimate? 

I want to know if they are credible and legitimate.