@Sharon Houseworth  don't want to really comment on something I have  experience with, which is rare after 40 years, but it sounds like fraud or theft by trick or device. 

Unless he's flushing explosive devices down the toilet then no.

I might opt for this route if I can't get any traction with the commercial banker.Basically I have nothing but all great feelings about this package, and I need someone to perhaps whack me in the head for something I'm missing.

I've heard good things about Brownsburg (north-west) as well as Anderson (south-east) - with other suburbs outside of the 465 loop picking up traction, venturing outside of Indy is absolutely something to consider. 

I did post something like this on another forum but didn't get much traction, therefore, i'll try here:)  I'm establishing a Private Fund (not a syndication) to raise capital to purchase multifamily investment properties. 

It also took 2-3 weeks to get some traction in the market, once the calls started I wished we had the NEXT rental ready to go.Good luck!!

I also have  had traction offering virtual tours of my place, which required a drone/photographer to handle. 

All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.History.

I know that none of these replies will be legal advice and I should consult a lawyer, yada yada yada...However, can someone dissect this portion of Chapter 475.43 and explain what this may mean to them:All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter.I am understanding that there cannot be any contract or options which allows an unlicensed person to sell, lease or let real estate just because the contract says so.

I will tell you that when cashflow is king these devices and software's add up BIG time.