I'm curious, who is actively marketing AND closing deals.

I would expect a payment after every major activity is complete.

Its an active, manufacturing business. 

You'll find them a variety of ways: expired listings, landlords who have filed for eviction, probate sellers, pre-foreclosures, and as referrals from active agents, just to name a few methods.

If that is the case then I'm pretty sure that what he is offering are securities and therefore such deals must comply with SEC regulations.I'm not an attorney so this is definitely not legal advice, your best bet to get clear on this is to talk to a real estate attorney first and also consult with an SEC attorney.

I have a full time career as an engineer in a large processor manufacturing company in Oregon.My goal this year is to be more active on the site besides just consuming every podcast in the archive.

Since you own 70 rentals you have to decide how active versus passive you want to be.Everyone in existence is chasing the value add multifamily right now.

You *might* find someone truly knowledgeable, but your best bet is to again, find a professional service/attorney to help you.You need to learn your laws now so that you're not scrambling again  when you have an issue in the future.

I am willing to bet more than half of us are here because of Rich Dad, Poor Dad.

I've lurked a little bit here in the past but decided to create an account and get active.