Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

@Todd Bednarz @Scott Michael GrossUpdates:Books were a total mess, it took A LOT of phone calls to get everything straightened out, but ultimately I got paid 100% with no fees for the first 2 months. 

That's how you win their hearts and make them see you as the ultimate investment partner.

It all comes down to what you want to do ultimately. 

Now full disclosure, I am only a few months into my relationship with these providers so it could all blow up in my face, but ultimately I wanted to take action and for me this was the safest way to do that and I also figured the learning along the way might be worth giving up some larger returns. 

@Russell Brazil I know these can have issues, but ultimately, the unit will have access to the garage door openers.

Second, let's assume the 14% projection is net of all fees and carry, that means the underlying sponsor actually needs to create a much higher than 14% return to Wellings to ultimately net you the 14%.  

Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

Ultimately would like to make connections so thank you SO much for your time and willingness to lend a hand to a new investor who is staring down into that water, wondering if this is the right leap...Much appreciated,Jon

In the end the mortgage will still be in your name, and you're ultimately still responsible for the payments since there's a personal guarantee.