The truth is, over the last few years, many of these people are barely cashflowing at all and the default rate with the banks on this product is skyrocketing.

When you go to a Bank or Credit Union, they can only offer you what products that bank or credit union offer.

It appears he had done poor underwriting.  

After spending 25 years as a Software Engineering and Product leader, I’m now exploring the world of real estate investing (REI) and looking forward to learning from all of you.My goal is to leverage my current investments and savings to build a real estate portfolio that will eventually allow me to transition away from my current career.

I've consulted a few times over the years with planners and with the way I buy properties, my liquidity requirements, and my concerns about about how government overspending affects the future, makes me a poor candidate for IRAs and 401(k)s with the stifling regulations.   

Our DSCR product is very STR friendly and heavily lean on AirDNA data vs appraisal.  

Any other sympathy is unfortunately just Poor Business Practice.  

This is your product, and you are branding it for maximum consumption.

Typically this means they will take longer to close, may not have all the information for the companies they work with, and most hard money brokers get their money by taking an existing product and adding extra points to pay their fee.What is your investor success rate?

The tenant will legitimately claim the seals were of poor quality to begin with.