This does not mean your investment is insured.We often hear comments like, "We invested with XYZ because their fund / syndication is FDIC insured," (nope no its not...).To avoid these kinds of mistakes, I strongly recommend you always have an attorney review the Private Placement Memorandum (PPM) with you.

What options do I have under this situation besides ait and wait?.

It can vary based on the neighborhood and the property's condition, though.

And what do you think its going to rent for ? 

Depending on hte rental income, you potentially could do this as DSCR is based on the rental income.

So it sounds like this is a good thing for you to get into if you have the time.

Let’s definitely connect—always down to share market insights and trade notes.Keep crushing it!

Some investors I talked to are doing MTRs and STRs (this seems challenging with competing with all the other AirBnbs in CA), some are trying to do a Joint Venture and buy multi-family. 

I have found a promising house in Sherwood Park that will be perfect for the brrrr and working on getting it for the right price.

It takes time.