"Also anyone could sue you for any alleged reason and a good lawyer could file a motion for " order of examination" of your assets and you would have a tough choice to make.

This thread is a good discussion not only on the allegedly breach but also on how to Partner.

Less than 35 non accredited investors, no general solicitation or advertising, etc.The other 15 states are a hodgepodge of various laws or lack thereof.One thing almost no one understands that if you are sued by an investor because the investor lost money ( not talking about property foreclosure or liability for deficiency, but about being sued because you did not properly explain risks to investors etc), and you comply with SEC Reg D, you have an affirmative statutory defense against those allegations.

Wasn't this the guy that went missing during all this after leaving his estate to his wife or girlfriend who probably killed him and allegedly died in India?

I feel like the immediate back of the property would be a likely spot for a tank, however that's one area that they are allegedly unable to sweep.

However, what happens is that the plaintiff in a contract case will allege specific actions in their lawsuit so as to trigger insurance coverage.

Within the last year there was a change in the executive board, allegations of past financial misconduct, a new management company in place, and a new set of special assessments that have been passed for the next 3 years even though it had been argued close to 50% were already late on the regular assessments, and regular assessments are high as is (450 for 2br) yet they just bumped them 10%----basically it seems like a bad situation.However when I go online to bairdwarner.com, craiglist, and some other sites, absolutely none of the condos are on the market (6 highrises, with approximately 200 units per building means a TON of units.

Attorney Lynch commented, “Through a web of lies and false documentation, these real estate professionals allegedly stole millions from banks, which they used to line their own pockets.”

I'm wondering, though, if the long-term expenses of these properties in Columbus will offset the initial cap rate that the properties allegedly promise to generate.

I could care less, but do probe to find out how they know those allegations to be true.