Personally, I think I would stack some cash for a year or so while I did this. 

Both offered up to $40k, 12-14% rate which is higher but not bad for an unsecured personal loan. 

If one is transferring property title from personal name, a Grant/Warranty Deed would be drafted/recorded to transfer title. 

Have met him personally a couple times and he is just a great guy all around. 

This person did not raise any money, they invested around $600,000 into the offering and because they were one of the larger investors were considered a Co-GP because it was a new sponsor and they needed this persons $.

Personally for what people charge for these programs I would say you are 1000x  better off taking some courses at a local college, getting a degree and working in real estate to get paid for experience and then do real estate on the side for your own portfolio as well.

I have a situation where a person I know is moving out of the country and would be looking to put their home for sale in the summer.

And always check social media for red flags and I agree with Vince, always meet a person.  

I will make that proposal to the person I am talking and see where it goes.

You’re going to be personally sued no matter the cause of the loss.