As far as private money goes, I dont really know anyone with the kind of cash I need lying around that has any interest in putting it toward REI. 

They daisy chain everything, lie, and that is the overwhelming majority.Of course wholesaling should need a license since you are doing transactions of hundreds of thousands of dollars of real estate.

Although there were never any problems during the 15 years that I owned it... literally none, zero, nada the 2016 candidate lied and said the "entire" border was unsafe & the gov't took my land to build the border wall.

What we need is for people to stop being fed the giant lie that there is a "housing crisis".

"Pro-Forma is Latin for "Dirty Rotten Lies""3. 

They flat out lied about several issues, so I could tell those presenters weren't credible.   

They will lie about the numbers.

And “crooks” if they misappropriate funds or lie to (or conceal facts from) investors.

These include falsely claiming to have closed dozens of deals when none were ever closed, illegal payment of undisclosed sales commissions to bundlers and independent contractors, advertising the funds as safe and appropriate to investors with obvious near-term needs for their capital, creating fund of funds en masse assembly line fashion with no corresponding SEC filings, unregistered brokers/financial advisors acting in that capacity absent licensure, having customers wire money claim the fund is fully subscribed and putting them into a high yield promissory note, accepting funds from unaccredited investors, misrepresentations about the debt put on the project, lies about experience level of the principals, omissions of material facts, and at least two straight up Ponzi schemes.While it's true that some legitimate operators are having issues in their portfolios, today's circumstances are a perfect example of the idiom, "you can only discover who is swimming naked when the tide goes out."

We still own the condo, we just have tenants in there who are willing to pay the HOA fee and the increased taxes in order to access the slightly better school system up there.Bottom line, someone who just shows up alone and out of the blue, says they make 3x your rent, offer you nothing else when you explain the income verification problem, and object to a month-to-month rental contract or an increased security deposit, well, they're probably lying about how much money they make.