It is alarming to witness someone in a prominent position within James' mentorship program engage in such unethical practices.

Do you want your son to bet the financial outcome of his 20s on this seller's ability to make good choices? 

Originally posted by @Chris Seveney:@Charles RobbinsI would say the ability to get a note and mortgage to acquire a home has helped a lot more people than it has hurt.

I mean, why bother to practice what you preach?

However, and I don't know anything about AirBnB in Denver, but my biggest concern for this project is the ability to consistently rent the basement for $1,800. 

I also have some investor agents that send me off market deals via email on a weekly basis – which are also good to practice deal analysis. 

In general, multifamily properties are a popular choice for investors because they offer the potential for cash flow, scalability, and the ability to amortize debt across multiple units.

For this I plan on charging 10%  of rental income as management fees to LLC-A.Some of the benefits of this vertical integration brought by LLC-B is: (a) Ability to contribute to retirement plans (solo 401K, etc)(b) home office deduction(c) health insurance plan premium, among others. 

This forum is pretty open and people often share their knowledge and best practices, hence don't hesitate to ask any questions you want :) Good luck with your business!

Once we changed to charging a fee, proof of ability to close, good income, a sizable reserve and reasonable credit, the students not only started taking the training seriously but actually began buying properties for their retirement.