People were so quick to say he was way off base.   

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

There are too many people selling you on how easy, passive, and lucrative real estate investing is.I always tell people the first year or two will be bumpy.

@Zachary JensenThe originalPost “ why wouldn’t an accredited investor invest with no risk….”Why is it that people think there is no risk in real estate.

Pointing out the BS that people try to peddle. 

Quote from @Vince Scipione: Yes, they are a popular choice where I live and work, however with the ever fluctuating cost of oil heat, many people have swapped over their boilers/furnaces to what is called a "Propane Gun" essentially it is a device that is affixed to the front of the furnace/boiler that injects the propane and ignites it.

I see people purchasing new STR's here and others dumping their properties or converting into LTR's. 

Im generally distrustful of most people/funds in the real estate world.

Our office receives about 50 of these a month from various wholesalers and I always look at ones I don't recognize to see what people are trying.

Mistakes I see people make is they plan on living there a short time and over renovate the property where they will never get the money they put into it back.