My experience was a learning moment. It is in the past. The lesson I have taken from it was that the originator will always protect themselves and are more versed in the deal than any recruited investor. DYODD is always thrown out as the answer. In these cases an attorney is what you need to be diligent. Unless you fully understand divestment language and arbitration protocol of the deal you are uninformed (as I was) about the level of risk. Marketing materials are non binding. If you have a level of capital to consider these agreements you should also have legal council. Be sure to have your representative review the agreement and references cited in the agreement, such as, contractor non fiduciary clauses and originators rights of assignment. I hope this helps anyone considering a syndicated real-estate investment. Learning can be very expensive, I only offer free advice. I sincerely would advise people to avoid "low risk, high return" developments. Low risk may mean there are agreements that guarantee 12+% annual returns but those are often best case. Be sure to evaluate the downside and don't take a promise of returns as a guarantee. Everything works fine when the foreseen happens. It's when the unforeseen rears its head that these agreements are exposed.