Ron pitched these as a great way to gain appreciation and acquire more turnkeys upon their sale.

When googling the counties near my friend i'm finding minimal information.  

His website certainly gave me the vibes that a sales pitch would soon follow in his material.

The 50% rule is tricky in California with minimal down payment.

So now me and the other realtor thought about staying after the pitch to at least be able to network and see what would come out of this but it was a 2 1/2 hour presentation so we weren't so sure if we would stay yet .

We are looking at RE investing as a retirement investment tool, rather than monthly income (of course, only if there is cash flow, but we are ok with minimal cash flow).

But that down side to that idea is pitching to the investors that not only are they on the hook for 125% of their investment in the project, but now a $1,000,000 loan.

A place that rents for $3500/month long term can rent for $4200 to corporate stays type people but minimizing vacancy between tenants gets trickier.

Vertucci has a good fix and flip program I have been to that one and he gets very detailed in how to do fix and flip retail.. and does not pitch products like most of the TV guys do... but its all about what you put into it.If your looking for a more rounded type experience I would for sure simply enroll in a real estate license course so you under stand the rules of the road.. and there are some very good trainers out there that are more one on one.. but will work with you for a year.. these will cost about 100k But the folks I have seen come through those are making very good money...

I think I will keep the tenants charging them minimal rent.