I always buy something I could see myself living in. not necessarily the colours, but the location and size of the home and the condition.

I know it's not the norm but I'm looking to keep this scheme.

After 20+ years in real estate partnerships, here's what actually puts you on the IRS radar (and what doesn't):REAL Red Flags That Matter:The Partner Complaint TriggerDisgruntled partner files Form 8082K-1 disputesPartnership disputes leading to tax filingsReal Impact: Instant IRS attentionSuspicious Loss ClaimsLosses exceeding investmentArtificial basis inflationSudden large losses without economic realityExample: $100K investment claiming $500K lossesRelated Party GamesCircular property flipsBelow-market transfersFamily partnership schemes without substanceWatch Out: IRC §267 and §707(b) violationsDebt Engineering Red FlagsBasis inflation schemesArtificial guarantee arrangementsPartner debt shifts near year-endCritical: IRC §752 compliance matters!

or on a grand scheme, it's all come out to be the same?

If your tenant has been playing these "schemes" then likely they've done this with the previous landlord and gotten away with it - so I hope you bought the property for a good price in order to account for this potential headache. 

@Chris KittleI was not directing it to you but many vendors push elaborate schemes and use fear tactics to sell some of these strategies.  

Pretty sure he stole from people in a ponzi-scheme or something.You guys are classic.  

New tenant security scheme that only benefits Suncoast and the tenant - leaves owner paying up at move out. 

Being a landlord is not an overnight get rich quick scheme.

He’s not a pushy salesman, and I’ve got a business partner who has worked with him for the last 10 years without any issues.As for your situation, I wouldn’t say it sounds like a Ponzi scheme, but I’d strongly recommend meeting with the fund sponsor in person and asking as many questions as you can.