And since the SEC is skeptical of the "active involvement" the co-sponsor route drew criticism for, the Fund of Funds model is a way for all these people that sign up for one of the many capital raising courses out there to get around the intent of the SECs rules.  

Quote from @Drew Sygit: @Mac Boeve if I had a dollar for every applicant claiming identify theft, they only cosigned for a relative or friend, they're working out a payment plan on that chargeoff or they have no idea what that is, so it must not be theirs - I wouldn't be here on BP!

Quote from @Drew Sygit: @Lynn McGeein, @Theresa Harris, @Sam ApplegateCurious as to why all of you think a one-month Placement Fee is too high?

Quote from @Drew Sygit: @Hughston Thackham why would you include utilities in rent and take on the liability, when tenants can abuse utilities? 

@Drew Sygit and @Jay Hinrichs I'd appreciate your professional opinion.

@Drew Sygit it has been a very challenging journey with that property.

great. thanks @Drew Reynolds.

Thanks Drew!

I hope to not continue that trend ;)Thanks @Cassi Justiz and @Drew Sygit for the feedback.

Quote from @Drew Sygit: @Teia Guber have to agree with @Adam Bartomeo, that the "fire the current PMC and find a new one" is the easy, knee-jerk reaction/advice.