Hey Deisy,First of all, I want to say, kudos to you for being vulnerable and putting yourself out there like this. 👏 Second of all, the real estate business can be tough, but so is life and other businesses too, even if you quit real estate now. 

Sometimes it takes a few knocks to get them to open up to you.Remember that they are scared and vulnerable and most people contacting them are looking for money.

The bank would probably actually prefer that someone would put in a bid in the high 80s, but they may be vulnerable to liability that they didn't maximize return on the loan. 

With smaller properties they are split out everywhere, might have to use different management companies, are vulnerable to other building property owners (some that live in one unit and rent out the other 3, local investors, and the out of state or out of the country investors, and also mixed in with some bank owned properties).

You are asking why when you invest in a real estate fund, your money is safer if it is not secured against just one property (like Cardone does) and instead it is secured against several properties in a fund (like MIGSIF) where they have very low debt ratio of anyWell because when your money is secured against several types of properties in several locations your money is more secure and not so vulnerable like when it is secured against just one property Your example of the savings and loans does not even make any sense.

With regard to multifamily value, you're definitely not going to get them to count it dollar for dollar toward your NOI as it is variable from month to month and they see that as a vulnerability. 

It's a specific and targeted scam on the REI industry's most vulnerable demographic, which makes it all the more infuriating.I know you've likely learned a ton from this experience, which is I guess the silver lining.

@Julie Kern Thanks for sharing and being so transparent and vulnerable.  

I sensed it could make me vulnerable, like if you misssed work or something, folks could be like "oh, he must be out showing a rental house or something".

I also think the paper dollar is vulnerable at the moment and feel a sense of urgency to convert it into a tangible asset quickly.