Thank you Nick - unfortunately it is the name of the game in this space that there will be people with bad experiences, typically when the appraised value doesn't come in as what they expect and they lash out at the lender accordingly (anyone in this space obviously understands this occurrence). 

The odds of default go up significantly for those who have no skin in the game.

@Keetaek Hong I have a lot of clients who are facing the same challenges but they understand the long game and that it's imperative to build a portfolio, With that lowered interest rate I mentioned you are looking at 30% down and including PM fees will typically have you around break even or barely positively cash flowing.

I’m not in the game yet, but I’ve been diving into this to prepare for my first multi-family deal.

Do you have a particular system or software that’s been a game-changer for you?

For example, in higher-end or luxury markets, where the price point is much higher, full-service staging can be a game-changer.

Very new at this game I live in cottonwood California and I would be interested in going to meet up if my schedule would allow.

And you can also buy them when they're beaten down and underpriced due to market overreactions like currently, due to rapid rise in US 10yr rate.I've read and watched multiple Good Egg offerings and they are typical of many feeder funds and to be fair like many primary GP/syndicators as well for both taking on unnecessary risks and also charging confiscatory fees, as #1 they have no skin in the game and #2 they get a big cut up front whether project fails or not, find GPs that are investing >10-15% of their own cash into every deal.good luck and sorry this happenedlooks like they are a fund of funds setting up crowdfunding to invest in other offerings.

You want to focus on markets that work with your plan and also where you have a personal connection with someone, even if you build that on the internet.

Once this spreadsheet is built out, there should be no more questions about the game plan for your rehab.