My point is the process of investing in real estate is not as fluid as it seems and for busy people it may even turn them off or they may just start splurging money and expect high cash flow and that won't happen.

I allowed him to speak to understand his side of the story but told him even if the accusation was true, he should have spoken with the guy one-on-one.

The issue with folks selling these loans without knowing how actual residential loans (where you DO have to be licensed and are heavily regulated) are getting people into trouble with simply wrong advice etc.

I agree with this answer, people always forget about the material participation requirement that goes in tandem with REP status. 

A lot of people do this.

I know people who invest in that area and do very well.

Hey Alex, I'm interested in meeting other people in the ADU development space. 

Totally agree with @Paul Moore and I think Self Storage and Mobile Homes don't get the same attention as Apartments because people, in general, don't really understand the asset classes, unlike apartments everyone gets the concept rather quickly. 

We are trying to figure out how to price this and how to vet the operators - specifically for sober home and similar facilities (we already do DSP and understand that well). 

Borrowing the down payment from other people can be a powerful accelerating strategy.