While it seems too good to be true, my broker is adamant that his firm has utilized this specific debt fund in the past and that they’re real.

It all seemed kind of sketchy. 

I have done a fair bit of research/sniffing around but it seems this term varies market to market.I took it to understand the equity split on the sponsor side let's say 80/20... the 20 being "the promote" for the sponsor?

It seems like you might know a good amount about pre-foreclosures in California.

The cost isn't all the much because it's just drafting straightforward contract.

This doesn't seem like a cash-flow play.

Given the condition and mentions it seems safe to assume this unit is at least 20yrs old if not older, and now well into necessity of cap-x cycle of reaping.

Outdated interior but nothing seems too bad.

seems to me any improvement in Cupertino would be worth while. 

my current house fixtures , having a wife and 2 kids , a 3/2 1100 sq ft just seems rough. but there's more than just people like me in the world so i should forget all that right?