They say the average amount of water per day a person uses is 80 to 100 gallons , Lets call it 60 to be conservative .

Personal money How did you add value to the deal?

In 2021, my company earned just under $1,000,000 in net revenue and I personally pocketed about $325,000.

Told them to do a drive by and call me back with an offer :)The person who called you probably just spent $15,000 for mentoring and “education”, and is now in panic that his 250 cold calls have not produced anything .  

And what if the one person you didn't check has a criminal background, has collections, and more?

My goal is to wholesale some properties single and multifamily to build some capital while fixing my personal credit and building my business credit.

There is an amount that you can distribute from an IRA account to purchase a personal residence.You then might be able to turn the personal residence into an investment property.Best of luck.

If you need more to do the rehab, perhaps instead of partnering, you could get your former boss to do a personal loan. 

I personally haven't done this but I have helped clients do it in the past.Hit me up if you're interested!

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.