There was no hostile, non-permissible, negligent environment under which the contract was formed. 

Most people do Not realize that when you form an LLC there is A LOT of rules, regulations, paperwork, procedures, etc. 

10% interest is crazy high in our current environment.  1% down also probably isn't enough to cover his closing costs even.  

The boot camp is doing you no good service forcing you to purchase something you do not understand the liability and regulation around prior to ownership.  

Of course there was a cost of doing business in this manner, as the broker had to get paid (either buy you or the lender or both - back in the post crash days.)In the post Dodd-Frank increased regulatory environment of lending today, the advantages are not as great using a broker as they used to be. 

Specifically with low interest rates and extremely tight fisted consumers.He has a great take on 'Risk On' investments: http://www.bloombergview.com/articles/2013-01-30/where-to-invest-while-markets-remain-risk-on-Basically investments that perform well in a downturn or bad environment.

Next, I'd say storage facilities, hardly any maintenance at all, especially if you rent a field to an RV owner.Then, probably boat docks, but you have regulations and maintenance and a few drunks.Then, parking lots, not a garage but just a lot with a self serve box, that can be great money.Nursing homes top my list of multi-family, a Hospice House has a lot of turn over.Then, multi-family, then office-warehouse, then other commercial REThen, single family but the appreciation is better and more marketable

Aren't there new Septic regulations in NH that he may need to get into?

In the mind of a potential customer, especially in a competitive sales environment, having a license gives you an automatic "+1"Unlimited Affiliate Assistance.  

Thus there are things like Regulation S to comply with to prevent flow back to domestic folks.