First House Taking Forever

[Angel Mora]

Purchased a property all cash 4 months ago. Went with a wholesaler in my state who had deals out of state and was somehow also the property manger for said deals. Initial projection was that I would be making a 21% return from the cash flow and only needing about 6k in rehab and that we would get it rented in two weeks. Closed in a week then one after another the nightmares began. I listed to about 100 hours, read two books about REI and david greens long distance, I even have a mentor who gave me tips on how to make the first one go smoothy. It seems like a cluster**** and anything that could have gone wrong absolutely has lol but I am open to the failure as this is how we become millionaires, but learning and pushing through. I fired the initial wholesaler/property manager because we started construction without a quote and no photos of the property. I kept pushing for documentation and transparency then I just finally said I wont pay any more money until I get to speak to the contractors directly. From there he got super defense, threatened to pull the contracting team off of the project and a few days later he caved and I got to speak 1 on 1 with the contractor. Needless to say the contractor went over by everything time wise and money wise. Now we are 10k into rehab and the contractor claims to be done. I fire the property manger and go with another company who thankfully goes in and does an initial inspection with photos and their estimate said its not done, its filthy and the paint job is patchy in some rooms. The photos look terrible he left it like ****. So then I go back to the contractor and tell him how can he leave a job uncomplete and not do what we had talked about. Lesson here is go with the most detailed quote before you start construction and the person who comes most highly recommended lol. The guy says ok ill be out there tomorrow at which I say ok what are you going to complete tomorrow for which I have already paid and he never replied. Fast foreword another month and another contractor recommended form the new property management goes through to complete the job for another 10K. Home has been on zillow for 40 days but has only had good photos of construciton being done for two weeks now, and the property management is telling me I need to lower the rent by 200 dollars a month to match everything within a mile from it. We decided to bring it down 100 for a week and see if anyone submits an application then bring it down another 100 if we dont hear anything in that week then wait. i have had to be on this new property managers *** 24/7 and they seem like a really big company since I keep getting pawned off to a new person every few weeks. They are definitely more transparent than the previous guy but after 4 months since first getting the house we are at a point to rent it. Its still not rented and my partner is stressed and starting to lose faith in us trying this but I am headstrong and know that if I can make it out the other end positive from all of this than I will be tremendously more prepared for every future deal. If we get it rented at the lower rate its about a 13% return. Has anyone gone through similar struggles with their first home and if so am what im going through normal? Thanks