You look like the kind of person who is going somewhere.

what kind of investment was/is this  a little more detail may protect others if you think this person is a financial predator.  

There are many here in my local area and your area is likely to have the same type of meetings.Most of the deals that I fund are by meeting investors in person at these groups and creating strong relationships. 

There is an amount that you can distribute from an IRA account to purchase a personal residence.You then might be able to turn the personal residence into an investment property.Best of luck.

Quote from @Daniel Windingstad: Quote from @Obed Calixte: Some people have the personality, processes and systems & time to self manage, some do not.

Was that person me or another person as that sounds like something I have been telling people? 

I personally haven't sent postcards, I've had good luck with PPC and Video ads. 

Personally, I would not keep a rental that is not expected to cash flow. 

I warn people over and over and over to know what they are buying and to go personally see what they are buying. 

If the person stops making payments, they alas,  have to foreclose.