If you invested in large multifamily 3-4 years ago via syndication in the South, Southwest, or other boomtown: You are cooked. 

More importantly, how’s economic occupancy via delinquencies?

Quote from @Shane Haas: Quote from @Patrick Roberts: From a lender's perspective:If the purchase is made via cash and without any liens on the property or funds borrowed against the property, your cashout options are:A) Delayed financing within six months of purchase, which is treated like purchase money financing.

They include purchasing state tax credits and prepaying state income tax via pass-through entities: S-corporations and partnerships.

I encourage your friend to forward the unredacted prom note to the SEC via this link https://www.sec.gov/tcr Click on Submit a Tip.

On the other hand, I feel one of the main advantages of passive investments (via syndication/crowdfunding) is that I can hire a manager who has years more experience than I can ever hope to obtain myself.

Via realtor, it was on the market.

Contact wholesalers and maybe do some digging of your own via driving for dollars. 

The "online leads" trend becomes a vast pool of scams, each one discovering a new and "better" way to find motivated sellers via SEO/Paid adds/Social Media etc, and automatically aims to make a profit from selling those so-called leads.

They are similar to a tenant that rented your place via AirBnB and are refusing to leave for the next tenants’ arrival.