Real-life reps, to me, means seeing properties in person, whatever your asset class. 

I will leverage every asset in my name to make this happen.

It's properly leveraging (not over leveraging) the asset that pays off.  

And, as I'm sure you know, both investors would require a 3rd party verification of assets to prove their accredited status.Let me know if this is what are asking or not.

https://efraudprevention.net/embed/cody/Equity-stripping_scams.htmlEquity-stripping scamsEquity stripping is a type of fraud in which a scammer targets individuals who own a valuable asset, such as a home, and convinces them to take out a loan using the asset as collateral.

Is this potential $700 cash flowing asset worth it?

By the time you do that 4-5 times you should be able to have a paid off home or excess funds to invest in other assets.

The asset was sold a couple years later and the operator gave all investors the option to exchange into a new acquisition or liquidate.

@Ryan Daniel  I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection in relation to real estate investments.

Purley asset-based lenders are most likely going to be hard money lenders whose rates are typically going to be much higher.