I do believe you won’t get the money but it certainly won’t disappear in to the ether.

Why has this type of product disappeared? 

We did one smart thing--we financed with long-term debt and we used low leverage (60% +/-) so we have a wide margin of safety and no threat of a loan maturity until 2031, so we have plenty of time to ride this out until the next market cycle. 

What if you deposited $200k of cash in mid July only to watch 10% of it disappear in a month. 

Pool contractor, but no insurance and disappeared.

My take is that predatory practices and threats must be controlled, and housing quality must be enforced.

I suspect that the time of many landlords keeping rents THAT low around here will steadily disappear now that there is state wide rent control.

If tenant B is leaving at the end of the month, then that threat is gone. 

I m an agent who works with New Western and I would like to offer you an explanation, first we are the ONLY reliable wholesale market supplier who will show you everything at front, we offer a package ,this property package which is btw free ,has ALL the information for you to make an informed decision, but we are not an education center provider, second we didn’t keep your money and disappeared we helped you to get a deal maybe not a good one for you , that’s why is always good to either be a realtor contractor hard money lender otherwise you will ALWAYS be spending extra money on those people, we deal with savvy buyers and few times will deal with first timers and the reason we don’t deal much with unexperienced is because first timers need time and they are quite slow and our houses are gone normally in a couple of days if not hours now we SELL A PROPERTY every 13 minutes if we are that bad ask the another thousands of investors who uses us some monthly and we ALWAYS recommend to buy with a general contractor opinion or due diligence is on our contract.Reading your story is just a sad victimization of a poor decision and again we never advertise for the best deals just a deal if you don’t want it let it go and look for another one next day or so ,what for you was terrible for an experienced person not at all , there is always exit strategies BRRR DSCR buy and hold etc  one thing for sure you never loose in real estate maybe you make less and it’s fine onto the next ! 

However, if the nearby high-risk area poses too great a threat to perceived safety and could potentially deter quality tenants or future buyers, it's probably too close for comfort.