That is how they based what your annual taxes will be. 

The first two are ones you pay for either by the meeting or annually, though your first meeting is usually free, and the last two are free to attend but of course you pay for your food/drinks.

Ask for his schedule c to see what he's reported to the government and call the utility companies yourself to see if they will give you an average cost monthly then multiply that by 12 for your annual costs.  

APR is not necessarily the best indicator of a good loan, as it only represents the amount of money you are borrowing as an annualized interest rate. 

For example the $650K property next door that has not transferred in over 75 years and is assessed at $100K with an annual tax bill of $1300.  

I don't think anyone here is talking about lending money at 50%+ annualized ROI...What has been suggested above is equity that results in a large return, not debt. 

Certain companies would not be eligible to use the exemption, including:o Non-U.S. companies,o Exchange Act reporting companies,o certain investment companies,o companies that are subject to disqualification under Regulation Crowdfunding,o companies that have failed to comply with the annual reporting requirements under Regulation Crowdfunding during the two years immediately preceding the filing of the offering statement, ando companies that have no specific business plan or have indicated that their business plan is to engage in a merger or acquisition with an unidentified company or companies (no blank check companies).Investor Limitations Individual investors may, over a 12-month period, to invest in the aggregate across all crowdfunding offerings up to:o If either their annual income or net worth is less than $100,000, than the greater of:§ $2,000 or§ 5 percent of the lesser of their annual income or net worth.o If both their annual income and net worth are equal to or more than $100,000, 10 percent of the lesser of their annual income or net worth; Securities purchased in a crowdfunding transaction generally are restricted and may not be resold for one year. o Holders of these securities would not count toward the threshold that requires a company to register its securities under Exchange Act Section 12(g) if the company is current in its annual reporting obligations, retains the services of a registered transfer agent and has less than $25 million in total assets as of the end of its most recently completed fiscal year.

Have $50,000 to invest and want to net $40,000 annual return.

ROI was over 500% annual.

Say you can get into a property that yields a nice 10% annual return, would that yield more than developing your land into an income producing place?