This kind of attitude makes investing harder for the rest of us. Bank lending gets harder, you will require legal advice prior to every move, real estate agents will become less helpful in fear of being taken to court. I completely disagree with your advice to pursue everyone else. The risk in these purchases should have been obvious to all involved.
Risk and return, you cant expect to earn 15%+ return on a rental in the middle of nowhere without some kind of associated risk.
Good old fashioned personal responsibility is required. An expensive and difficult lesson has no doubt been learnt, use that and move on.
Absolutely agree here!
Take responsibility for your own actions, as ultimately it's your decision you make when you sign the dotted line.
Kudos.
pinkboy