We were military and stationed in Europe for many years. 

We plan to hold for another 2 years, and expect to beat our proforma handily.

Myself and my buddy we have been friends for more than 15 years  and we decided to get into real estate through a multi family Househack.

Yah. you'll always get that tint, but still listen to their answers, see if they own facilities, etc.

I’m sorry that you’ve had a hard time finding a place to rent.

Quote from @Benjamin Larabee: Hi all,My wife and I have worked over the last 7 years to build a rental portfolio and are getting to the point where the bookkeeping/data entry tasks are becoming too time consuming.

The money that you end up owing to repay the loan over the 5 year term is now post income tax money unlike how you traditionally are supplying your 401k with pre-tax money.  

This project highlights how purchasing from motivated sellers, making strategic renovations, and selling to retail buyers can lead to successful outcomes.

Have you taken the time to search AirBNB and VRBO in those specific areas to see how many STRs are operating?

He’s not a pushy salesman, and I’ve got a business partner who has worked with him for the last 10 years without any issues.As for your situation, I wouldn’t say it sounds like a Ponzi scheme, but I’d strongly recommend meeting with the fund sponsor in person and asking as many questions as you can.