NC usually provides better cash flow and Phoenix is characterized for stronger appreciation than NC.

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I would characterize Columbus as some positive cash flow but amazing appreciation potential.

According to the Planning Board, the intent of the RM-2 Zone is to create, maintain, and enhance residential areas characterized by a mix of single family homes, duplexes, townhouses, small multi-unit buildings, and neighborhood businesses where appropriate.I'm assuming by definition I am zoned to convert to a triplex?

The market remains a seller's market, characterized by higher prices and faster home sales.

There's so much growth potential in Columbus Ohio and the best way I can characterize this market is it provides good positive cash flow but amazing appreciation potential.

Blackstone’s non-traded REIT now owns about half of all the real estate within that sector, according to NAREIT.Setting a priceRAD sets its share price by tallying its net asset value — the total appraised value of its real estate and other assets, minus any money it owes or other liabilities — and dividing that figure by the number of shares it has outstanding, according to the circular.The last time it publicly broke down its share-price calculation was on Sept. 30, when the stock was selling at $18.52: a net asset value of $27.3 million divided by 1.47 million shares.RAD’s properties are appraised, in part, based on the income they generate as rentals, according to the circular.But some of the rents in the document’s inventory of RAD’s holdings appear to be overstated, in light of the buildings’ conditions, as characterized by L&I.

The fact that you profited from the arrangement over the 3 year option period ameliorates the "loss" you experienced on sale but I think you would agree with me that every dollar left on the table is better characterized as a loss than as a win.  

I would not characterize this as a scam per se.. but it appears to me to be a failed investment model..

A good BRRRRR purchase is often characterized by people who "just want out".