Looking for something with low acquisition cost, and meets or exceeds the 1% rule.  

He’s not a pushy salesman, and I’ve got a business partner who has worked with him for the last 10 years without any issues.As for your situation, I wouldn’t say it sounds like a Ponzi scheme, but I’d strongly recommend meeting with the fund sponsor in person and asking as many questions as you can.

I only know a few local realtors/ property managers I’m going to meet with them this week to ask more questions. 

We meet (virtually) every Friday from noon - 1:30pm (EST).

Overall, your next actional step should be attending local REI meet-ups.

It got me thinking:In your opinion, what are the minimum requirements someone should meet before raising money from investors (beyond family and close friends)?

Step into their shoes, listen to their concerns, and meet them where they’re at.

Sign up for local news articles, go to events in different areas, attend neighborhood association meetings, and just go out and have fun.

Look at the amenities offered by top-performing properties in your area and aim to meet or exceed their offerings.  

It’s always fascinating to meet investors, learn about their careers, and hear how they got into real estate.Do you focus solely on STRs?