Basically types of deals where you will pay the money back quickly, but I have heard of some folks getting financing for longer term with lower rates. 

Since the agent connected you to the deal, they are entitled to a buyer side commission even if you buy direct.

Quote from @Paul Cataldo: Hey Bigger Pockets folks!  

not sure what the attraction to invest with these folks was.. but it does sound like a meltdown and some pretty poor operators.

Problem is only "RE pros" get to do it.There are 3 income classifications in the US - Active, Portfolio, and PassiveActive income is income derived from your job, or normal trade or business.Portfolio income is derived from bank instruments - stocks, bonds, etc.Passive income is income earned from investments.Active losses can wipe out both passive and portfolio income, but it doesn't work the other way around.Portfolio (capital) losses are limited to $3,000 annually.Passive losses can only be offset by passive gains.Real estate rental income by its nature is deemed passive per IRC Sec 469One way to get around it is to become a pro - spend more than 750 hours or 1/2 your time in real estate.But most folks aren't real estate pros.

I am primarily interested in syndications (I am accredited) and would love to learn more as well as meet like minded folks to discuss how they embarked on this journey.thanks in advance!

There are plenty of good folks who just live in blue collar areas.

Hey Ryan, I know there are some folks that provide this service but I'm not sure exactly how it works and how much trust is involved.If it's any consolation, I wouldn't sweat it too much.

I will say, I often see folks create more complicated checkbook IRA LLC structures when they don't need them.

The other thing about VA assumptions is that the seller's (veteran) VA entitlement will remain encumbered unless the new borrower is also an eligible veteran with sufficient entitlement on their COE.