Perhaps they invited Jerryll based on his extensive SEO knowledge and did not look into his questionable marketing methods and extremely high course pricing at $5800 and $19,800. 

Sometimes I do understand in day to day you do not get advantage, but there is always few instances where you may have felt it just was worth and paid for it to have a broker license.

For instance, things like death, divorce, job loss, natural disasters, heath issues, etc may cause you to change your plans unexpectedly and may change what you do with your home as a result.

If the work is not 100% complete by the end of the Escrow period, may implement a .50% (on total loan balance) extension fee that will cover an additional construction term of 60 days.

Operational control, most importantly, the ability to perform value add work to increase your returns.For instance, if I want to buy microsoft which I think is a great investment (likely to net 15-20% for the forseeable future)--better than real estate (which I expect to unleveraged yield 8-10% (5-6% on rent 3-4% on appreciation). 

For instance I’ve got a building that still has 3 unrenovated units.

Would switching to targeting refinery workers endanger your ability to attact students in the future (a break in the word of mouth advertising, for instance).

We have extensive experience working with real estate investors and implementing strategies to lower your tax liability.

I'm willing to bet that there are more instances of contractors burning investors than the other way around.

If syndicator is building reserves for the first year of ownership, for instance, and not paying distributions, AND recognizes rental profit, you will have a larger tax bill that year, since you "made money" in the IRS's eyes, even though you did not receive any cashflow from your syndicator.On a more general note, a preferred return does not mean you will get that amount of cash flow each year.