Either there is an underlying issue and you're not telling us the full story, or he's making excuses.

You're right about the chicken and egg story, which I think is why you are best to take that small risk of transferring a property you buy in your personal name into the LLC.

My team is actively investing in CG, feel free to reach out if you are looking for any specifics and or success stories.  

All of these stories that they had built put them in a position to believe that this project was going to be successful so it's that dream home and here are all the reasons why it makes sense when you're making a business decision you can look at those things and that's nice and it's what you should do and you can even extrapolate you can come to me and say listen here's all the spreadsheets this is why this deal makes sense.And that's a good way to look at it, a business venture but what you must do is contemplate your worst-case scenario if the market corrects back if that asset falls from where it's worth six hundred thousand down to three hundred thousand and believe me no one will believe that can happen but I've seen it so it'll go from six to three.

About seven years ago, I purchased an 11-unit apartment building and I paid $125,000 per unit.

So long story short, in the past 1.5 years, we have renovated 9 of the 24 units, installed new roofs on 3 of the 6 buildings (this was known at purchase), and replaced 8 HVAC systems. 

You story has more or less confirmed that for me. 

Super sad story. 

I helped my parents purchase a three-story (plus partially finished basement) building that has a four-stop, passenger elevator last year.

Story short, have 265k loan on my 505k recently appraised house here in Austin.