Very poor customer service.

So definitely shop around and don't just take one persons word for the full picture of what is out there for you. 

That is the customer and who pays, it doesn't matter who owns the home then or now.

Instead of taking my comment and turning it into a "red flag", consider the overall picture.

So I wrote a report about every quarter and I included a drone shot  Picture worth a thousand words right.. so shows the streets being built and the houses going up.. etc etc.

These include falsely claiming to have closed dozens of deals when none were ever closed, illegal payment of undisclosed sales commissions to bundlers and independent contractors, advertising the funds as safe and appropriate to investors with obvious near-term needs for their capital, creating fund of funds en masse assembly line fashion with no corresponding SEC filings, unregistered brokers/financial advisors acting in that capacity absent licensure, having customers wire money claim the fund is fully subscribed and putting them into a high yield promissory note, accepting funds from unaccredited investors, misrepresentations about the debt put on the project, lies about experience level of the principals, omissions of material facts, and at least two straight up Ponzi schemes.While it's true that some legitimate operators are having issues in their portfolios, today's circumstances are a perfect example of the idiom, "you can only discover who is swimming naked when the tide goes out."

Since your pictures seem to show rot only at the piers, I would assume they did not put this together correctly.

GVR cant even get pictures in the right order right now.

Property management is an art not a science and requires someone with experience and intuition that knows how to evaluate the total picture, not just look at a credit score.

We found this property had good bones and bad pictures on Zillow.