They deliver an envelope that has a notice we own the property, instructions on how to pay rent, how to request repairs and two lease offers. 

They are offering a syndication fund for section 8 housing paying 9% dividends and 60% annual profit sharing of cash flowing properties in the portfolio. 

To the degree, one is realistic, the probability of finding a replacement property increase.Say you want to sell a fourplex to trade into and buy via 1031 a 20 unit apartment building.And the market cap rate is 6% but you want to buy something that offers a 6.5% cap rate, you probably won’t be able to find it.

I would contact them and find out what's going on and see if they can offer any assistance.

Banks are required to offer you all options that are possible and in your case, it's a short sale.

Can anyone who has done this offer any tips and tricks?

What was the exit strategy offered or communicated by the GP?

Just recently a client made an offer on a new million dollar listing within 24 hours of it coming to market and there was a cash offer that was accepted at a lower price point the same day.

Most national or mainstream mortgage lenders do not offer Super Jumbo mortgage loans (typically above $1.5-$2.5M) Although Super Jumbo Loan Lenders can provide loan amounts from $3M-30M+The majority of these buyers obtain their mortgage recommendation through their real estate professional or frequently through their existing private or premium banking relationship. 

I'd like to echo Brian's idea on considering hard money lending as potential strategy.Hard money lending can offer similar to even higher returns compared to traditional real estate investments, often ranging from 8-15%, providing the cash you're looking for even in A/B areas.