Even if you don't allow it you'll go over one day and a TV will be up there anyway lol.During the initial walk through of the house I tell them if they want a TV on the wall, let me know the size of the TV and where they want it.

Alternatively, you could suggest an owner financing transaction where they become the bank on the property and this way they get to collect a monthly payment all while getting a chunk of cash up front (your down payment). 

The reason for the fail determines where you can place the loan.

@Stacy Tring where is the property at? 

I would think it would be a very unique situation where this might happen.

I would try to find someone local to where you want to invest and learn what you can. 

If it wasn't fraud but simple incompetence (and he lost the money), then that isn't a crime and your options are more limited.Your legal contract (and/or the state laws the entity was incorporated in...depending on where) most likely requires the sponsor to share books and records with you (so you can at least know what happened).

Jordan.. all you young Entrepreneurs need to be forming little co ops and buying dirt in the path of progress thats where fortunes are going to be made.. 

I particularly giggle when I see all the posts where, under the pic, it sais "Posts 1: Votes: 0".

It is a bit secretive where the money goes that way.