They did ok but IMO were not sophisticated investors either.

Is the check deposited onto a payroll debit card?

You will have to walk through your own detailed analysis and get back up documentation (e.g. contracts, bills) to confirm everything possible.A larger scale owner probably used more 'sophisticated' systems.

@Katherine Robbins, I recommend that you hire a payroll company to handle distributing paychecks and taking out the appropriate taxes.

You have to be sophisticated and truly understand the investment you are getting into.

It is a sophisticated and powerful retirement plan that puts you directly in control of your retirement savings, and directly responsible for adhering to IRS rules.  

you can ping me off line.. its a sophisticated note product that is not talked about on these forums.. 

However, with a more sophisticated seller, you're more likely to see these kinds of deals succeed.So, I guess that obstacles count as a con - it may be better to avoid all the hassle by just using regular channels.A pro I can think of is being able to negotiate your own terms.

@Matt K. if tenants are sophisticated and motivated enough to link you to related entities, then we've got much bigger problems lol

Now I am looking into other options in finding funds to buy more properties, but since I am not on an employer payroll I believe will make it harder to find a loan and wanted to ask for your OoInIoms.