Thats a complete lie.

I also heard Brett Immel was still doing business in Iowa, though I read an article that says he has been busted for lying during a bankruptcy hearing and may go to prison for 5 years.Would it make sense to contact the S.E.C.?

Heavy cases of clear cut fraud and flat out lying to their investors. 

All lies and manipulation of people who do not see through him.

If you take another loan on it you're getting your 25k back plus 50k to work with - if someone told you that you only use your own money once, they were lying or using housing crash numbers. 

Ok I lied, I also have accounts for tenants security deposits but that’s just a set it and forget it until they move out.

Don’t lie to the seller.

They completely lie.

I sometimes wonder if it makes sense for all of us landlords to confront them, they sold us a lie and now we are severely struggling from it.

I mean he did sell his Rehab business for $115M so im not sure that's a total lie about being worth that much.