so he is really fubared either way on that score. undisclosed principal in a real estate transaction is a no no as well.Joe,, Indy is like any other big mid western rust belt city.. it has its great areas with 500 to multi million dollar homes its regentrifying areas were two chicks and a hammer work.. and we do as well.. then you have solid B class vinyl village 10 year to 20 year old stocksame thing applies here U buy D class hood properties your in trouble unless your a local hands on landlord.Morris advertises and markets D class as solid easy to manage just grateful for a place to live type properties.. he is just a bozo who has no real clue as to what he is talking about in the real estate space.. that's the bottom line.. and to think all these people think he is a genius investor LOLas I like to do I can compare this to aviation u tubes.. there is this pilot in CA.. that was doing  U tubes flying from Auburn CA ( above Sacramento) to Oakland a lot.. he likes to video his instrument approach's etc.. problem is he bust just about all the minimums and one time he landed in Oakland with virtually zero zero and was bragging about it.. on an ILS unless your cat 111 approach if you do not have the runway in sight at 200 feet AGL  which no way he did you could see it on his utube  your to do a go around.. yet he just landed with about 20 feet of vis. problem is you have others who are not pilots or beginners just thinking he is the ace of the base.. 

I am a local RE Broker in Cape Coral and understand your concerns.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The ceilings in the basement are a hair over 7' (full size door fits), and trying to understand whether to duplex down my first floor unit and go from 3/1 to 4/2 bed/bath legally. 

When talking to investors about the project some newer investors did not understand all the hype behind the area and why an investor would put so much capital into a single project.

That is how the founder envisioned it and puts the lowest amount of risk on you and your capital.If you understand the concept of using CDs and collateralizing them for low risk investments why would you not do the same thing (but far better) by leveraging whole life cash value that locks in a rate and earns dividends (highly likely) for life without all the risk of involving the banks....and getting all the other benefits whole life insurance provides, to boot?

In addition, it was my understanding that I just need to RETURN the deposit in 21 days, not that the tenant has to RECEIVE the deposit in 21 days.

Running your own rental for 1-3units is always the best way to learn and understand more about the industry.

Understanding the market is crucial for making informed investment decisions.

The state is pushing for it and I am sure were it will be worded on the ballot to sound like a great thing, 99.9% of the public doesn't understand this stuff.