So spending 3-5k a deal is a lot but not a deal breaker where I am. 

Waiting time really is job dependent, a new water heater or electrical breaker and line are about a week to ten days out here. 

While this is not a deal breaker most of the time, getting access to low cost financing does make your first investments easier.Best of luck,John

This is a question of federal law, so it seems likely that the 9th Circuit will end up having the final say.

Foundation leveling can be tricky but not necessarily a deal breaker, this still sounds like a good deal to me. 

Anyone have any recommendations or deal breakers as to how this strategy won't work? 

None of the deals where I've invested have assumed that the party is going to continue for another 5-8 years.As for the fees, they are not a total deal-breaker for me.

This wouldn't necessarily be a deal breaker, but I would definitely ask for the tax return.Let's see if @J Scott has anything to say here :)He has had this type of income in the past ...I would ask for tax returns...if he's a true professional, he reports his income and it's verifiable. 

@Darrell Shepherd  You might consider a simple and cheap alarm system with a circuit connected to the A/C unit that uses the ground wire from the unit, and/or the copper tubing that carries the coolant, as part of it's circuit.

The only drawback is it does take a 5-7 days to get the money which is annoying but not a deal breaker.