If you want to violate them thats your call. but since your asking sounds like you want to follow the laws which I support and would recommend.

To help support that avatar, try and have on-site parking and ideally a place where a large work truck can be parked without issue (think fully decked out F-350). 

U invest in the fund and there is no debt ahead of you you own the debt free and clear the only risk is they buy the wrong debt and the underlying collateral does not support the investment.. which is why you go with folks that have a lot of experience in the space and now how to value the collateral.

I can't imagine someone with this history so fiscally irresponsible!

Some questions to consider:1) How much negative cashflow can your other income stream(s) support?

They strategically avoid speaking to customers and offer support via online chat to a non US based helpdesk.

Their debts would include not just car payments, student loans, and credit card payments but also things like child support paid.

If you can get financial support to get a duplex/triplex, I would recommend this.

Now they are priced such that rates must go lower in order for the deals to work, and I'm not convinced that reality will support that bet.3.

Unfortunately, unless you see the underlying financials as well as supporting data for those financials, you do not know whether there actually was cash from operations to pay your distribution or not.