The sponsor is the one driving the ship, the one making decisions, the one who has to communicate, the one who is the bearer of good and bad news!

If so, then that could be a fraud not really "mortgage fraud" because it really has nothing to do with the loan itself as you are not party to the loan just a simple fraud aka a deception to obtain something of value.

I'm currently in the process of closing my first primary residence deal in NYC, and I would like to ask for a piece of advice to the community.The current tenant of the Seller failed to move out by the closing date and the Seller decided to take a legal vacating process.Background- The current tenant of the Seller failed to move out by the closing date and I heard the tenant is avoiding direct communications with the Seller- Not sure from my end if the tenant is willing to moving out but struggling, or maliciously squatting- I have a vacancy contingency in the contract, thus I can back out at my discretion due to this issue, but currently there is no other properties that I want to move on to due to the market condition- The Seller is trying to take a legal action but it will at least take 3 months or longer, no promise to succeedAdvice to ask- My attorney could not negotiate to ask for a penalty for this delay because the penalty for delay was not included in the contract.

If you have an attorney, I highly recommend having them review any proposed changes and communicate directly back to the corporate attorney if they have any concerns.

It's never fun when buyers get overly picky, especially over something so simple like a GFCI outlet.

Quote from @Steve Tse: I'm not in your world and shipping a cup of coffee is not without problems, so I'll provide some advice for free.Syndications are not a simple solution.

Simple as that, respect them all you want but you get what you deserve.

You can do well with a more simple approach, but it won't be easy either way.

The reason why you're struggling is quite simple, all you have to do is ask yourself who the buyer is if and when you sell.

Communication and trust is the key to any fund.