I think there must be some organization that has this canned business model ready to go and approaches people who have names / followings and offers to implement it for them, given the near absolute uniformity in the advertising, and the convention / sell / upsell structure with all the exact same sales tactics, just substituting out the guru for the flavor of the week.

If its not his company and your referring to the real estate company down south, absolutely DONT invest with them. 

I assumed once I signed the contract, I owned the property, just land at that point, and have a contract to build the quad.As for if they run out of cash at 80%, I could close the gap if absolutely needed but obviously that isn't the goal.The builder owns the entire development, minus the handful that have/being built, so they have a vested interest in this working, they want to do it a couple of hundred times at least.

So, bad situations are simply part of the work of the landlord, absolutely NOT something to be afraid of only something to be prepared for.Tenants are like tires on your car.

Wow Joe, this is absolutely incredible, thank you for sharing.

Absolutely terrible, both are 100% losses.

ya well every guru talks about quitting your job which frankly for most is the absolute worse thing you can do very few people really live solely on rental income unless they were high wage earners and basically set. 

For me, the absolute worst thing is to not try at all despite this.

I was able to buy the house with $12,000 down and I paid some closing costs for a beautiful, turnkey house that needs absolutely nothing.

With regard to the fees that is much less expensive than a Delaware Statutory Trust where fees can be upwards of 20% which is totally unacceptable unless you have absolutely no other options.