They invested in declining businesses with unrealistic returns. 

.🔴 Overly optimistic projections: Unrealistic ARV (after-repair value) or underestimated rehab costs can signal poor planning—or worse, a lack of transparency.🔴 Incomplete or disorganized documentation: Missing detailed plans, financial statements, or timelines could mean the borrower isn’t ready to execute the project successfully.🔴 Over-leveraged finances: Borrowers with excessive debt or insufficient personal capital invested in the deal could pose a greater risk of default.🔴 Questionable property comps: Overstated market values or inappropriate comparables may mean they’re inflating expectations.As always, thorough due diligence is your best protection.

This is a big investment and I’d be doing myself a disservice by jumping into real estate investing blind folded or with unrealistic expectations.

I don't think 60 mil against 20 mil is unrealistic but this isn't my specialty. 2.

I normally try not to work with people like you because your expectations are unrealistic.

If one is not accustomed to working with contractors, then your expectations are probably unrealistic.

Its so pricy and this state is crazy with trees seems unrealistic paying so much!

What you are saying is a hypothetical (assuming you really didn't sell it twice) because you may have had an unrealistic price in mind and your house sold for what the market was on that house, and there's no way to know that had you gone with a discount broker or FSBO with that price that your house wouldn't have languished so long that ended up selling for even less. 

Your first Multi with those savings and income are going to be a learning experience  (In a good way) However do not go in with a massive cashflow expectation.Some Realtors/Sellers might sell you on unrealistic potential high rents and will be adjusted to the selling price....so do your own research.Are you planning on living there as well?

Or apartment owners unrealistically view EV charging as a revenue source, though the margins are just too thin.On the ground EV charging for multifamily is practical, even in retrofit, it's just not simple as there are so many options and tradeoffs.