If you are a sophisticated investor and know how to perform your own due diligence, independent of this "wholesaler" and his anecdotal statements,then maybe you can get closer to the truth.Now the truth may be that there is a great amount of title, financial and property improvement work to be completed.

Although we use some pretty sophisticated online application software, I recently bought some seven different books on the topic from Amazon for about $300. 

Now in this particular case, it may be important to understand now that the OP as the investor has been harmed (even if by perception), I would imagine one of the claims to go after JW is that the investment was in fact a security and he lacks the appropriate license to sell securities.  

Many have the perception that they Must own properties in an LLC, for protection of their other personal assets, from that super duper lawsuit they're going to lose, that's for more than their insurance limits.Thoughts?

@Travis Feldewerd That is exactly right, simply put, is a more sophisticated way to refer to the payments of the interests and/or principal of the loan for a particular period.Good luck!

Many hard money guys enjoy knowing that they can lend at 60% if ARV - foreclose - get control of the asset for 75 cents on the dollar after remodel and court fees...For a newbie to borrow money from a sophisticated hard money guy, who may be a shark in the business I described above, is not the smartest idea ever...I know plenty of hard money players; some in my family - never once borrowed that way.

Using new technology, advanced equipment, unique methods with new materials for old applications (Aqua Therm and Rust Stopping Paint) and sophisticated logistics (with highly skilled personnel) TMG, Inc. creates solutions, resulting in approved operating costs.

stuff will fall flat with sophisticated sellers.  

Most highly sophisticated investors/funds are today buying for the delta between Cap Rate of 7% and cost of money at 4.5%.

But I would always fear that if they knew I had rentals, that may lead to a perception that somehow I'm not doing as well as I could if I didn't have something going on on the side.Definitely a slippery slope.