Just as a sample, here are some Wells Fargo recent actions (even After all of the lawsuits and disciplinary actions)* https://www.complaintsdepartme...These are real people with real problems from the Really Bad Wells Fargo - "I have fraudulent charges that are on my Wells Fargo Visa card.

And hoping for appreciation is a gamble.

The only risk to them would be if you were to then file a chargeback by calling the credit card company to register a fraudulent transaction.  

I don't gamble and won't invest in something I do not know anything about.

This is posted on their website"Our servers reside in an access-controlled data center monitored by video surveillance and roving security guards 24/7.We have application level monitoring of logins and transaction activity.We are fully insured for Technology Risk, Professional Liability, Fraudulent Activity, and Privacy Breach."

Investing in a market without truly knowing the risks, benefits, numbers etc - is not investing, it is gambling.

NV has been a gambling and mining state but is making a good transition to warehousing, transportation and logistics because of appropriate taxation support.  

I would consider commercial but need to educate myself more...residential just feels more comfortable to me due to my past experienceIm not afraid of value add ( thats what i do in single family) but with the funds coming out of my 1031 I need to replace steady income formerly coming from my job, so cant gamble too much ( have other funds to do s little more "value add" investing).  

I dont know that the economy will ever really boom out there without major help in the form of subsidies and tax breaks but thats a major gamble.

Cardone the benefit of the doubt that there's more context to this than what you've listened, I would consider much of this "advice" to be fraudulent.