Honesty this is worth a try you have nothing to lose and even better you actually know where the guy lives. 

There is a bubble, quite the bubble to be honest. I

In the end, however, I think it's a matter of semantics and with enough education around the topic, people can get a more well-rounded understanding of this very profitable investment class.Hope this helps! 

An investor almost has to lie to the property manager and say he has relatives living close by who will check on the property every once in awhile to keep the property manager honest. I

Wayne Brooks Honesty is what I'm looking for so thank you.The way I look at it I could spend $250-$500 on a lawyer to look over every one of my $10 binding contracts and potentially lose that money and the deal if I don't find a buyer or I could find myself a legitimate and simple contract and if something is wrong I only lose the deal and correct my errors for future deals without losing $250-$500 for a lawyer.

As a young investor with only 1 real year of investing experience I was thoroughly surprised with the amount of honesty and knowledge shown by the instructor.

@Robert Arquilla - I’ll be honest, I just started this strategy so the return has been next to nothing...but you can look at the returns over time for specific funds and gauge.

Also, honesty is key for me.

To be honest I own a few "sectional title" units in South Africa and I don't have any issues with HOA regarding tenants over here.

If one wants to look at a different set of semantics, I suppose you could talk in terms of "sophisticated" and "unsophisticated" private money lenders.