When you screened them, did their background come up fine except for a couple of evictions or court appearances that they were eager to talk about and had long and detailed explanations for?

@Ketch Bays You appear to be posting to another user's post.

That is how tragic this 12-year run of financial fraud appears to be as explained in this report on the Laguna Niguel, California based Norada Capital Management.

On the face of things it appears you will have a hard time getting a +10% ConC return.

At first glance, it appears that the price you are paying it high.However, it will depent on several factors - How many states are the syndications invested in? 

. - BUT, it also appears old and probably a symptom of the original house settling.

A total cost of 6.3Mn over 23 units equates to 274K/unit...this appears unbelievably low for San Diego...I'd want to see full development budget detailing hard, soft and financing costs as well as month by month projections showing construction and lease up cash flows.What's the 2.2Mn purchase price for?

While this review appears comprehensive and objective at first glance, I see a concerning pattern.Looking through William Ferr's posting history on BiggerPockets, there's an unmistakable pattern of consistently promoting Jonathan Halves and his training course The Land Method and his Land Riches Blueprint, while criticizing other educators.

It is virtually daily that i see purchases or considered purchases that appear to have no path to success.  

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