C'mon, guys, take your basketballs out of that purse and run some hoops on your own.  

I know with the big banks what they presented me was a no go because it was very paperwork intensive and frankly a pain in the neck.

It's just labor intensive and VERY messy.

High school basketball State Championship tournaments were not allowed to happen this weekend.

A little labor intensive to create the lists/search. 

This strategy alone has allowedme to mulitply my efforts so I can besitting here and having a Sapporro in mywife beater and basketball shorts.Moving on...So why is the webinar so powerful?

CA prices are a little too intense for me. 

Competition has gotten intense, with people bidding 80% of ARV, and sometimes more, for tax deed purchases, depending on which County you're operating in.

Some people do the capital call structure, others don't.I would definitely look at his fees, for deals of his size and considering they are low management intensity, a 1% acq fee and 1% asset management fee on Net revenue would be close to what I would expect.Considering these are Class A a 6% pref seems fair, a 65-35 split over that seems a bit high, but nothing too aggregious (saw it mentioned earlier not sure if true).As far as if he keeps money in, I would expect he will, 5-10% of total equity is normal and fair considering the size of the fund.As far as the length of the investment, usually funds will have a pre-determined expected length (seems like 10 years), but will have clauses to extend that if the manager (Cardone) deems it necessary for a "wind down" period I believe its called, again nothing uncommon about that.At the end of the day being a passive investor is giving someone else control.

It’s a very cash intensive business so I would estimate in the next 12 to 24 months I will have extra cash on the side that I will be ready to deploy into an idea like this.