It looks like "Good Egg" is simply an Entity that collates funds, and then invests those funds on your behalf with the actual sponsors/general partners that actually purchase the properties, get the loans, manage the properties and distribute the funds.

I used to do background checks but I noticed the website I used never actually did background checks.

We actually CAN'T explain what we are seeing if we are operating on the "purely rational actor" hypothesis (as you implicitly observe), we MUST include highly irrational and emotional individuals to explain what we are seeing.- Investor uncertainty.

I'm actually heading up there for a little impromptu vacation this weekend!

You’d be shocked by how little actual screening many PMC’s do!

And end of year actuals never pencil out like the spreadsheet...I'm not saying that it's a bad idea; I would just urge you to proceed with extreme caution.

A buyer I connected with through Bigger Pockets actually.

Hopefully, I can actually help the Investing Community with my own experiences and this will help someone decide if this software is for them or not. 

Target, actual 7.5% cap rate in a reasonable neighborhood.  

I did not like the first two candidates so we are still working on bringing in the designer.I actually think this is a great way to keep accountability going.