Finally the pro formas that they provide are absurdly basic and neglect at least 25% expenses, so are essentially useless. 

I was specifically interested in his 2nd plan which was "Building wealth through single-family homes" where he basically says you save enough to buy your first property along with enough for other fees and then you just keep saving the money you make from that property along with some money you save from your job and once you have enough money you buy your next property and then you basically just keep repeating that until you have your desired amount of properties.

Quote from @Rafael Ro: Hello all,I would really appreciate your insights here.I live in CA and have a family with 2 kids - we're not moving anywhere.

This is for basic informational purposes I am not an attorney and this is not legal advice.First, if you offer to purchase a property using a HELOC to fund the purchase you cannot later back out of the agreement because you couldn't find PML or investors.  

Forgive me kind folks here for the many questions, I consider myself a newbie and believe that even if my questions are basic and many, I persevere and try to know from resources and of course great folks like you all here to grow and learn to make the right decisions.

They just seem to be trying to add too much now and not doing the basics well.  

I told them, I've tried renting before during February, March and have found little to no leads because my community usually caters to families with kids in school etc.

I've heard stories on the podcast of financing 75% conventionally through the bank and basically doing seller financing on the down payment, so 25% to them.

A fake and basically empty Facebook account (with a hotmail email attached to it) was planted to give itself some credability.

Portland has one to the Lloyd center once the largest now basically defunct.