This combined with minimum footage for a bedroom means many lofts do not quality in CA as a bedroomDifferent states will have different requirements for what constitutes a bedroom.  

I've entertained in the past but usually the person bails and stops communicating during the process. 

Don't forget to account for the cost of the appraisal or any other vendors...an appraisal and survey will over $1000 combined, for example. 

Lawsuits need to name both MI and OP as defendants as they're both complicit on this fraud.For those who are following this saga for entertainment here's an update:"An Ex-Fox News Host Pitched ‘Financial Freedom.’

The more affordable price points, combined with a steady rental market, provide some peace of mind.

I would be extra cautious entertaining these types of offers.

Some sellers will still entertain them.  

It is the combination of all cash plus lack of transparency and due diligence allowed to the investor that would worry me.Hope that helps.

As the portfolio grows, we’ll be able to implement gradual, strategic adjustments to rental rates, particularly for tenants in need, without undermining the overall financial health of the endowment.Phased Returns for Investors:Investors will be repaid through a combination of rental income and profits from other high-yield activities, such as property flips, during the early phases of the project.

Not a good combination.