Man do I agree with you. The dude (Joel) is a piece of trash. If he really wanted to run a business (the idea is great), he wouldn't need this garbage toxic financing. I would highly advise no one to invest in this. I got too much tied in and cannot wait for it to hit 6s so I can gtfo.
No way should this be where it is. All the money he's making should be used to buy one of the damn places and not keep leasing more for rent. Garbage way to run a Ponzi scheme.