@Hedman Maximus too many investors worry about DIY pennies, while losing dollars - which it seems you may be doing.Why can't you hire a PMC to handle the properties for you?

Seems like tens of millions of dollars were raised from unaccredited investors...Here are some SEC links for a partner and CFO of Norada showing previous fraud history:https://www.sec.gov/enforcement-litigation/litigation-releas...https://www.sec.gov/files/litigation/complaints/2017/comp240...Based on what has been uncovered so far with the partnership between Marco and Ronald Fossum who has already been guilty of defrauding investors and barred by the SEC from participating in activity like this, I would say, yeah, there is a high likelihood of fraud in this case.

Instead, he wrote a threatening letter (first contact since closing) and demanded thousands of dollars. 

The market is crazy right now and will be for the next 2 to 3 yearsdue to inflation devaluing the dollar, inflation increasing newbuilding costs.

Soon you will be able to take care of some of these issues yourself and save a few dollars.  

I did find this deal driving driving for dollars, the realtor of the property was adding his sign in the front yard, I approached to make and offer. we close in 3 weeks.

It’ll save a couple thousand dollars. 

We have tried multiple local collection agencies, and we have not received a penny for over a hundred thousand dollars of bad debt submitted to them.We keep hearing, "It takes time" but it's been well over a year with the most recent one.

Add to that top dollar is being paid for rentals.

Depending on how much time you have to commit to real estate (or want to considering your dollar per hour is probably better spent in dentistry) you may want to consider becoming in LP in a real estate syndication deal.