They also were willing to share their information on the status of their current fund offering 24%. 

I used to travel for work and have amassed MILLIONS of points, 2M miler status with Delta and 1M miler status with AA.  

Once we were able to obtain those statuses it has been booked pretty solid.

Assuming you meet real estate professional status (which it seems like you do - you'll just want to have a time log verifying) AND materially participate in your rentals, you simply wouldn't get that big of a year one benefit. 

Check on ownership status before you get into escrow.Get multiple inspections to be able to really determine the extent of repairs.Try to align yourself with the best contractors, had good referrals, but somehow nobody stood behind their warranties.Have a good lawyer and local accounting firm.Talk to locals to see how things are done and what's happening around you.Have patience!

I'm just a bit shocked and disappointed they could just close down my account and force this chaos on me to find another provider ASAP or face potential tax consequences and loss of my qualified status. 

Visa and FinancingYou're correct that securing a mortgage might be challenging without legal status or a W2 job.

While state marital property laws differ, there are 2 basic categories.  

Not everyone meets that criteria but there are lots of us investors that are experienced investors with 6 figures to invest who are close to 'accredited' status

This resulted in needing to bring in a rescue fund to take over the property and change the name, pushing our original investors down to B-2 status.