.: @Chris John I have never invested with this sponsor, but this “retraction” is really shameful.

Finding LPs in this RE environment is challenging and would be even more challenging for a sponsor who has not yet brought a syndication to a successful exit.  

@Teresa MengFile a complaint with your state Contact a local beat writer to see if they will pick up the story if the above is true try and bring as much attention to the situation.Most threaten lawsuits but never will go through with it especially if they did not fulfill as it would lead to discovery and could bring up more problems for the sponsor

Being licensed takes 60 days, passing exam and a sponsor.

(Look up the biggest apartments or developments and see who sponsored/is sponsoring the project.)With the right people around you and consistent execution results are inevitable.Best of luck! 

@Chris MarzilliMost offerings do not allow to sell without permission from the sponsor - so I would suggest you get permission.Did you also ask the sponsor if you could cash out?

However, in recent years, I've seen this used as a methodology of raising money to buy low barrier of entry real estate and make sponsors very wealthy collecting fees while leaving the LP's with nothing but capital calls and suspended distributions.

Do the sponsors not know what they are doing?

(And as a disclosure, he's one of the sponsors of the DFW REI Club that I am a member of.)

One key insight is that conventional mortgage bonds (mortgage-backed securities, or MBS) made up of government-sponsored enterprise (GSE)-backed mortgages are benchmarked with the United States 10-year Treasury bond, while MBS made up of non-QM mortgage loans (including the all-important ones for real estate investors, DSCR loans) are benchmarked with the United States five-year Treasury bond.