Has anyone had any experience or is currently invested with Steve McKnight's - Passive Income Fund (USA Commercial Property) at all? I have a friend who is invested in the fund so I had a look into it to see what it was all about. Now I know Steve McKnight has written books on property investment etc. (no I haven't read any of them and don't really intend to) but what I found interesting about him is that he has gone from being a Positive Cashflow Investor to Author to Million Dollar Apprenticeship Mentor to Wrapping and now to US Commercial Property Fund Manager.....whilst being a Seminar Spruiker throughout it all. So I have had a good look at his Passive Income Fund including reading through the 2015 Financial Report listed on the website and all it did was raise some serious red flags for me? I walked away with way more questions than answers. There appears to be a lot of loose appraisals in relation to the performance and capital growth estimates of the properties in the fund and the prevailing unit price. If anyone is interested or has already watched it, there is a 50 minute webinar on the funds website detailing the FY14/15 results and it was bizarre to say the least. Is that how a supposed fund manager would normally act when presenting to its clients? I also noticed some very basic accounting errors which surprised me considering McKnight is a former accountant. I am happy to be corrected and hopefully my red flag sensor was triggered unnecessarily but I am genuinely interested to hear about people's experience or views on the fund.