This sounds risky, are you being compensated by additional rent and have you checked with your insurance to ensure you are covered. 

He’s not a pushy salesman, and I’ve got a business partner who has worked with him for the last 10 years without any issues.As for your situation, I wouldn’t say it sounds like a Ponzi scheme, but I’d strongly recommend meeting with the fund sponsor in person and asking as many questions as you can.

Admittedly, I am not one that typically finds paid mentorship very valuable, but I also respect that my degree is in business with a focus on real estate, and my first job out of college was in real estate (so it is a little hard for me to take my 20 yrs of knowledge and rewind it to try to view mentors from a completely fresh lens).A couple points: I view mentors, especially these expensive ones as a catch-22. 

However, it sounds like you are confused about the different types of auctions that exist on Auction.com. 

🙏☺️ I completely understand where you’re coming from & you’re right that owning real estate is a key step toward truly being an investor.I’m still new to the game, but I have a solid plan in place to move toward ownership & establish myself as a real estate investor.

The cop sounded lazy or dumb to me.

That sounds like quite the plan!

It sounds like you had a terrible manager.

Is their underwriting sound? 

I’m completely new to the field and could use some guidance on where to start and how to navigate this exciting journey!