Do a google search & type in Carleton Sheets scams & check that out !

Given the time restrictions on the exchange I don't feel I can spread this money across multiple units in a timely manner and the fact I cannot devote 100% of my time to this effort.

That's into scam territory, ala Pinnacle Investment Partners.

Only way to protect yourself from craigslist scam artist is to have multiple quotes, ask for references, and go with someone in the middle of the ballpark.

These are the folks the rest of the real estate investor community can thank for the SAFE Act and Dodd-Frank, predatory operators went too far and everyone got hammered.It then goes to say that any honest, ethical and lawful real estate investor shouldn't have anything to do with the scam artists in the industry, they cause great harm to the public and in turn to the industry as a whole, They are not heroes of the industry as their gurus and coaches make them out to be or as they proclaim.

No good reason to.I have seen listings where sellers will consider "terms", they are on CL as well, but such are usually with investors and most are on the scamming side, so watch valuation carefully, financing does not add value to a property!

@ Financeexaminer, You shouldn't assume that there is some sort of scam going on because of the cash price / retail price.

QR Miller Just my opinion but this sounds like a scam of sorts.You're essentially being asked to buy more properties then you can realistically see, evaluate, and run numbers on by someone who should know better.If something sounds to good to be true, it usually is.

That general area requires dirt-cheap purchase prices and a willingness to devote a lot of time to management. 

It sounds like A just put up the money, with the only time devoted to the property being during the eviction.I think the $22k that B spent to renovate it into a personal residence is immaterial, as he did that for himself, to benefit himself.It seems to me that Person A is owed the initial $15K, plus reasonable interest on that money.