My personal limit is 10% ROI and monthly cash flow of $100.

IMHO he did not keep a professional manner and did not handle the issue in a customer friendly fashion......I am glad he refunded me at this point since I am not interested in rolling the dice on any more $1500+ programs but I was shocked to see that he did not care to better explain the reasoning behind the waiting time for setup VS the guarantee time limit ......or even try to level with me as a customer.

Should've got one when she filled out an application 6 years ago. 

@James Hsia, in California, you will have pretty limited options as to what you can do. 

We purchased a duplex in a beach community that needed rehabbing(one half had been demoed to studs) after purchasing and applying for permits we find that fema limits the rehab to 50% of the apparaised value of the house.

An MD at an investment bank will chuckle with the typical elevator pitch done by most real estate "investors" but a private individual with whom one has a pre-existing relationship (and limited real estate knowledge) might be intrigued. 

Obviously in our case he brings the experience and will get most of the profits - I am a 'Limited Partner' that just helps with financing, but I also want to make sure that I have the rights to the building.Thanks!

@Nathan PlatterMy {limited} understanding is that the Canadian RRSP does allow for certain non-traditional investments such as real estate and mortgage notes. 

More like 1.5% because your brokeage will take a portion and can limit you on how much you make. 

I would guess that they have a paragraph clearing them of not finding a tank and limiting the damages to the cost of the sweep (Like a home inspection).