@Leon G.Man, it sounds like you’ve been through the wringer.

Does that sound like a winning strategy to you?

Leveraging equity does involve some risk, so it's important to have a sound strategy to avoid overextending yourself.

I imagine it can be tricky without face-to-face interaction, but it sounds like you’ve got a solid approach.Honestly, I don't have a process for establishing trust with sellers other than being polite and professional.

I hope you will get some good advice on here.I read that you said you don't want to invest outside of OC. 

It sounds like there is no upside.

Ask for their advice and maybe even something a little corny, like whether they’d be willing to write a letter of recommendation for your lender when the time comes.

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.

Does this sound right? 

Any advice is greatly appreciated.