Cons: Property taxes can vary widely depending on the county.

It was based on statistics from many landlords over a wide variety of portfolios. 

Not just from a supply angle.  

The viability of an AirBnb strategy would also fluctuate widely based on where it was, ie at 116th and Kinsman vs on Dorchester in Shaker hts...

Beyond that, most self storage only being 8 1/2 foot tall or so wide, a 10 x 30 or 10 x 40 storage unit can't handle RV's and boats.Recreation areas/cheaper land:  The way you beat your competition is to build closer to the Recreation areas or on routes to them, from the populations.

I don't know how much you are willing to do personally to recover your money, but it seems like Scott does still care about people hurting his online image (Zero Star ratings on his podcast and book on Amazon, Complaints with BBB, rip off report etc. )  And about not getting reported to the SEC, State Securities Board, etc, so you might try to work those angles in addition to the ones you mentioned. 

This group does allow syndicators to present deals, so your father would get deal flow, but he would also benefit from a wide group of other passive investors discussing the deal and sharing their thoughts.

Then hook up with a Realtor and get going.....In the meantime you can figure out exactly what angle you want to do: STRs/LTRs/BBBBRs/ MFs/Etc....

Rentometer provided a rent range of $1,852 to $2,258, which is a very wide range.Below is the cash flow for this property based on the low, median, and high Rentometer rent projections.Depending on the Rentometer rent estimate you choose, you will either incur a loss of $94 per month or make a profit of $312 per month.

This is going to be a very tough scenario, I suggest you stop putting money into this deal until you get things sorted on the financing side.I would also be very careful with and sketical about any offers for 100% financing... it will not happen, they are lying 99.99999999999999% of the time.The only realistic way would be for you to find a private investor to come up with the down payment for the mortgage but a down payment will be needed.90% LTC is theoretically possible through a flip loan but in order to reach that level you would need to have a lot of completed projects under your belt over 2 years.20% is possible but with 25% you would have a lot more options.That is part of the issue with this transaction...The other issue is with HOW MANY loans you are seeking...This is not 1 loan because this is not 1 deal...You need 3 loans because you are doing 3 separate transactions at the same time with the same seller.Blanket loans do exist but they are not widely available.Each folio number is a separate deal...