It looks like all of your money will gradually filter into their pockets and you will be left holding an empty bag.

Because if it wasn't and something happens as a result of it, you're gonna be left holding the bag.

It really was a mixed bag of investors, and aspiring investors and I got a lot out of the discussion.  

They would rather sell and flip paper than be involved in many ongoing rehabs and the market dips for 6 months where they are holding the bag. 

There was open grease containers in the kitchen, three garage door windows missing, holes in the walls, missing kitchen cabinet doors, broken floor tiles, doors off hinges, bags of dirty laundry in the basement etc. 

We all seem to have forgotten about how over-leveraging decimated 10s of thousands of people a few short years ago.Brew your own coffee, brown bag your lunch, drive a beater and stay out of malls and clubs while working 2 or 3 jobs.  

Those are details that are below my radar.My cynical definition is that it appears many of these companies are selling overpriced product to naive wannabe investors and leaving them holding the bag a year or two down the road when they realize market rents aren't want they were told, the property isn't rent-able without more work on it, and they can't sell for anything near what they owe.

Second, there is massive value in authenticity and transparency, embrace that. 

I don't know of any car dealership that will accept "equity" as payment for a BMW...It won't even buy a bag of McDonaldland cookies!

We hauled away 4 jumbo trash bags of the tenants items, mostly hangers.