It appears that you are ready to participate passively.

I never read the book you referenced but at least it appears the book is written by a tax professional which is a good start.  

I usually suggest to my clients the equivalent of 3 months’ rent held in escrow and double the daily rent rate to be charged in the rent-back agreement starting after agreed upon move-out date if they are not out, with seller maintaining all utilities and repairs on appliances and systems until move out, especially if you’re planning to renovate, anyway.

I believe WWC and my goals are aligned, however with these high upfront fees, it appears the general partners would do well with or without the asset performing, which risk is there with potential market correction coming.And, I see what you mean, WWC seems to be doing well with their system, so they may be squeezing more juice on deals now b/c they deliver for their investors.

When the sky appears to be the limit, do not take extraordinary chances.

Both attorneys say it was prorated but it doesn't appear to be so.

Based on your description, it does not appear to be a wrongful distribution.

If you want to report both on-time payments and delinquencies without tenant consent, it appears that FrontLobby is an option.

Currently, the housing market for owner-occupants appears unstable.

The legal bar for a criminal transaction or claiming the person was unable to enter into a contract are not necessarily equivalent to the bar for those who need guidance I.e. the elderly.