I work for a multifamily brokerage firm here in Houston, and I can vouch (from my experience and what I have seen) that 37th Parallel is a legitimate investment group.

I heard recently about one here in the Chicago area that got in trouble with the SEC for turning his fund into a giant ponzi scheme that defrauded more than 300 investors in 32 states out of at least $41.6 million   Apparently he started out as a legitimate company, purchasing apartment buildings and promising 3%-12% returns, but at some point he got in trouble and couldn't cover his expenses so he started using new investor funds to pay interest and principal to earlier investors. 

The plot is around 26000 sf, beachfront, great tourist locationThe build quality is high, and it survived the tsunami of 2004 intactThe place is fully staffed with a manager who's been there for 19 years, with no intention of leavingThe place is one of the few in the area thats holds groups (the whole complex is rented out to groups of 12-23)It is currently earning 100k eur per annum with only 50% occupancy (the owner is old and does minimum to market - old website, airbnb, booking.com, homeaway, tripadvisor)The average occupancy of the area is 74% so there is a lot of room for revenue growthThe rates haven't been raised for 3 years and it is due for a 5% rental increaseThe reviews are stellar on all sites, with many repeat clientsThe venue is ideal for weddings, reunions, parties, bdays, etc, and the staff handle everything, including an onsite chefWhen you stay there it's like having your own resort on the beach to yourselfOwner will act as consultant for up to 1 year for freeSo, he wants to sell to my husband and I, as his manager and he really like us and know we would keep the staff and concept the same.

When an appraiser is reviewing comps, a bad comp may appear to be a legitimately good comp for your property even though it is not. 

What venue?    

From there I used mapcustomizer.com (great site) to map each address to get a better feel of where I think I will have my best chances of finding a legitimate lead. 

Source: https://hmbtx.com/blog/step-up-in-basis-for-assets-held-in-a...Does this source and conclusion look legitimate to you?

Apparently, you have been listening to some guru type talk and you are picking terms that that you don’t understand, confusing bits and pieces of different ideas and are absolutely clueless on the basics of how real estate transactions legally have to work.It sounds like the property is legitimately being offered for sale (the RFP  (which is usually a request for bids when gov’t agencies seek contractors, not offering a property for sale) but one of the owners is trying to do something by their self?

That one was a legitimate hedge fund and they probably realized they were coming in a bit late (just my perspective) because they were really really rushing to get operations set up. 

It is imperative that we look to the Nation's medical research institutions to help us separate legitimate claims from what some have termed ``mold hysteria.''