It seems like investors strongly bet on appreciation here which I dislike.

I'm willing to bet that there are more instances of contractors burning investors than the other way around.

Even at $60,000 a unit - that is a $1.2 million deal... and realistically I bet they will be over $100,000 each... all just a guess... but when you get into these price points and you are "new to real estate" as your title in your post suggests - I think you are probably getting in over your head for a first deal.  

Essentially, I am betting that rates won't go low enough where it makes sense to refinance.

So your best bet is to put yourself in their shoes and shop around just like they would be.Also, some markets are definitely seasonal, and your market rent could change drastically from winter to spring/summer.

I'm a bit late but want to reach out to the community to see what might be my best bets to get my money back (file judgement, etc.).

I bet not many sponsors who are leaking oil would even consider that.. etc etc.. thye video'd it so you can probably ask them for a copy of it.

@Bijan SabbaghiYou don’t that’s the challenge - we pull data from several places as a note holder and for example and currently we see less than 20% actually going to foreclosure as most are ending in bankruptcy right now due to borrowers equityThe ones that are under water are typically going back to the bank.Best bet is to find properties where deceased or maybe divorced to get higher chance of actually going to foreclosure

My bet is they won't be happy about it.  

The buyer pool is beyond flakey..Your best bet is a local investor.