Keep us posted on how that situation goes for you.

The forums are often more for questions and help in situations or deals. 

Lots of us are happy to offer suggestions but I think we need to understand your situation better.All the best!

And if their both right or wrong-how to handle this situation?

While institutional lenders would probably need a number years proof of collections before considering the income from the wrap, private lenders, such as myself would look upon the situation more favorably.  

again its just reminds me of that situation I have no clue as to how good these deals are or are not. 

I’m in a similar situation considering investing in fund 3.

We even had to do a lease back to them while the carport situation was being finalized.There is definitely some luck involved with every deal, but I think as investors we can create our own luck as well based on knowledge and experience.  

In my situation if I’m earning $18,000 in cash flow from a property my tax benefits are offsetting at least that amount and I’m still paying $0 in taxes so the real estate scenario is attractive to me.

A good securities law attorney will be able to advise you, on your specific situation.