So, that’s legal and definitely qualifies as a good, cash flowing unit. 

Look for a location that has attractions beyond skiing, such as hiking, biking, or water sports.Rental management: You'll need to decide whether you want to manage the rental yourself or hire a property management company.

A few things they mentioned were solar partners, pool company partners, roofing partners, etc.

As a PM, we have the UDs filed with the owner's name as Plaintiff DBA our company name, because any judgment received should be owned by the owner, not the PM. 

I think the best and easiest way to get started is to use a servicing company.

For example, working with insurance companies who's clients home has been destroyed (fire, flood, wind etc). 

OROption 2: Go big and do a cash-out refi/203K/HELOC to not only repair the foundation and waterproofing, but to add an extension to the home that would support a legal duplex for some income producing property.

Hey mate,Sorry to hear about your troubles but it's not too uncommon.I've been in the turnkey biz for 10+ years now and have often been called the "bad guy" as we only sell to investors looking to purchase with cash.Many believe that because we only accept cash buyers, that we inflate the properties price which definitely isn't accurate.Quite on the contrary when looking back I feel that we under sold them lolWe can justify every one of our property prices with a CMA independent of our in-house sales.Whoever believes that financing a turnkey property makes it safe is wrong.Most turnkey providers or affiliates push the financing model (Even in today's high interest environment) to make more sales.They have "in-house" lenders or community banks that they establish relationships with and promise large volumes in loans.This in return get's rewarded with various favors and many are easily able to manipulate appraisals.Having flipped over a thousand properties, I know how easily an appraisal can be manipulated so for anything reading, "NO", financing a turnkey property doesn't necessarily make you purchase it for fair market value.To answer your question:When S#%@ hit's the fan like it did for you with this deal, I personally would always look to cut my losses and move on smarter and more experienced.Granted, over the years I have witnessed many investors buy 1-2 properties from my company and expect miracles only to get disappointed. 

You can absolutely use a credit repair company to challenge everything on your report. 

Since then the company decided to overhaul (and temporarily close) their business and sold off the properties, and investors got a payout from the sale proceeds of the properties they invested.