Please note i did not invest with them, but wanted to mention that as there are names out there when mentioned its an automatic red flag.

CA, in total continues to lose 100k's of population and continues to add onerous legislation, including the state rent cap they passed a few years ago (doesn't apply to sfr's though).I am not sure why anyone would want to jump in the deep shark infested waters right before feeding time, unless you have a clear proven strategy, or a very long time horizon.

I suspect but dont know .. this has all the red flags of lenders to watch out for as in pump and dump due diligence schemes..

Good concept but so much red tape it does keep us little guys out unless the qualified developers are willing to bring us into their deals.

A property manager not requiring this raises serious red flags.

Unless your digging deep in that file and pulling from when the game was most similar to todays. 

If you can’t make it work in your market I would pick one and go deep into it.

You’ve taken the first deep dive into investing—great job!

I plan to call lender on this but don't want to wave any red flags. thoughts?

I have no clue on the deals and the deep dive into these is above my pay grade.. but I can say that deals that subscribe in an hour or so .. then little to no due diligence is done  at least deep due diligence .. and its the herd mentality.and I can only harken back to Realty shares heydays with Nav Athwal..