What made you interested in investing in this type of deal?

On paper, it looked brilliant..cheap money, quick turnaround, and a profit projection that made his eyes light up.It taught me that the real risk isn’t just the cost of capital, it’s the predictabilty of your exit strategy.

I recommend the book: "BRRRR: The BRRRR Rental Property Investment Strategy Made Simple" by David Greene and Clifford Ponder.Message me if you have specific questions I can help with.

We've made some good money buying/selling cattle.

What made you interested in investing in this type of deal?

When people made statements such as this, they were already doomed to fail. 

These operators totally bungled the deal and operation but still made money due to the market.2.

I’ve just made an offer on a building and the listing commission was 3% paid by the sellers.

If you are just carrying it, why keep it if you know you made a bad deal? 

If they meet the requirements for a PE right the only way to actually confirm is again through the courts where a judgement is made.