Tenants are a gamble and so is court but you have a 5 year tenant that paid during covid when courts were closed so I’d give that some credit.  

You have got to be net negative overall on your real estate syndication investments --- are you continuing to gamble with your money in this market?

Some of these same GPs/Operators loss 30-40% of their net worth in less than two years depending on how aggressive they were in investing and how much cap rates expanded.But great GPs often have certain characteristics:1.

Those who buy subsidized properties are gambling their financial independence upon the good will of the taxpayer who has just about reached the limits of his willingness to support these social programs.

Many agents are lazy and do not take the time to add photos that illustrate unique characteristics, incorrectly add the unit numbers, bedroom count, or fail to verify the square footage that could be greater than the public records the MLS autopopulates. 4, Many MLS properties are listed under the incorrect categories (multi-family under the residential section, multi-family under commercial etc.). 

Additionally, if you got a loan on top of your cash advance (say, you only had enough cash for a down payment) then I imagine you're also paying loan fees twice.This may all be fine and dandy if the numbers work, but is this a viable plan or a total gamble?

It's a very popular area for weddings, with Bainbridge Island close by, Kiana Lodge (Poulsbo) and Port Gamble.

Save the Guru fees, Mentor fees, and invest, instead of gambling with someone else's credit and life. 

Without payoff and lien info, this is a complete gamble for you, IMO.

At the moment it looks more like gambling.