That's too simple of a view. 

Hearings take place in the small claims court which is designed for non-attorney litigants and has relaxed procedures and rules of evidence. 

Hi Vincent, there is a significant difference in true Hard Money and rehab loans, rehab loans won’t be low doc by any means.Hard money should be fairly simple & quick to fund, it’s strictly equity based.How bad is the condition of the property?

As easy as this sounds, it's not simple and usually like pulling teeth.

And what's really crazy are the number of people vigorously defending this nonsense, clueless as to even the basics of finance, mathematics, or even simple arithmetic. 

Somehow, I had it in my head that I didn't want to do a cost seg, I like to keep things simple and cost seg seemed not worth it, so I have been investing for over a decade before we did the first.

This can be as simple as an excel spreadsheet.

And with a twist, that everything from day 1 is designed and built to facilitate intaking private $ into the "fund".

The answer is relatively simple, it's landlord fatigue.  

This entity is currently raising funds from investors with promises of 82% returns.Ron Fossum, dissatisfied with his simple, concealed role at Norada Capital Management, is also involved other business ventures, none of which appear to be legal.