when I first started researching investing in syndications, one of the first web pages I found was this:http://www.nasaa.org/22284/informed-investor-alert-private-placement-offerings/ Private Placements and the Risk of FraudEntities raising capital through private placements often have a limited operating history and typically have more modest revenue streams than larger companies.Because private placement offerings made in reliance on Rule 506 of Regulation D are not reviewed by regulators, they have become a haven for fraud.According to the most recent enforcement statistics from the North American Securities Administrators Association, private placement offerings are the most frequent source of enforcement cases conducted by state securities regulators.

Hi Juan,Sorry to hear about your situation.I recommend you sell or 1031 the property.Chalk it up to a learning experience.FYI, if you used standard CAR purchase contracts, you are advised in multiple forms and places to do your due diligence in these areas, such as:RPA – Section 11: Buyer is strongly advised to conduct investigations of the entire Property in order to determine its present condition.

Here's what I know (first time dealing with this type of issue)A structural report conducted by a local engineering group recommended:- Piering to stabilize, attempt to return to original levels the south east corner of 5311, approximately 23’ of the east(rear) wall and 12’ of the east end of the south foundation wall.- Approximately 4-6 piers are recommended, final number of piers to be guaranteed by contractor performing the work.- Epoxy patch all cracks in the foundation walls per the attached specifications I would recommend the owner maintain the following items in the future:             - Maintain grading around the foundation of the house per the attached specifications             - Epoxy patch all cracks in the foundation walls per the attached specifications as they appear             - Keep soil near the foundation walls moist during dry weatherThe seller has offered to complete the piering (estimated at 5k) with an offer that matches the asking price and my agent said all the cracks appear to be epoxy sealed already.

Don’t wait around for a tenant to improve their conduct !

I am an insurance broker and conduct business in all states.

My instinct is to schedule an License and Inspection appointment then have the contractor out to conduct repairs.

You have a gift for conducting excellent interviews that probe in the areas I truly care about.Ron

This man really exposes the big sham showing the war on savers this nation and other nations such as Japan are conducting and how they are robbing people of their wealth without most realizing what is happening.

I can offer you my experience with this topic, but please keep in mind that we are in different states and the laws and local customs of how an eviction is conducted may be different.

Since now you are assuming the risks of his tenants without time to conduct your own DD you at a minimum need protection and I'd push for compensation.