Yes, you owe $151k, but if a cash buyer sees the value, you could minimize your losses.Legal Options: I get that hiring a lawyer isn’t feasible right now, but I would still document everything (contracts, payments, correspondence) in case you’re able to pursue the contractor legally in the future.

Additionally, you have to be disciplined to spend less than you save and keep in mind that you're paying I/O on the principal balance v/s chunking down principal, albeit minimal in the initial years, which goes against the Dodd-Frank rule for qualified mortgages for homeowners

(vii) would seem to indicate that you'd be acting as an unlicensed broker.(1) "Broker":(A) means a person who, in exchange for a commission or other valuable consideration or with the expectation of receiving a commission or other valuable consideration, performs for another person one of the following acts:(i) sells, exchanges, purchases, or leases real estate;(ii) offers to sell, exchange, purchase, or lease real estate;(iii) negotiates or attempts to negotiate the listing, sale, exchange, purchase, or lease of real estate;(iv) lists or offers, attempts, or agrees to list real estate for sale, lease, or exchange;(v) auctions or offers, attempts, or agrees to auction real estate;(vi) deals in options on real estate, including a lease to purchase or buying, selling, or offering to buy or sell options on real estate;(vii) aids or offers or attempts to aid in locating or obtaining real estate for purchase or lease;(viii) procures or assists in procuring a prospect to effect the sale, exchange, or lease of real estate;(ix) procures or assists in procuring property to effect the sale, exchange, or lease of real estate;(x) controls the acceptance or deposit of rent from a resident of a single-family residential real property unit;(xi) provides a written analysis, opinion, or conclusion relating to the estimated price of real property if the analysis, opinion, or conclusion:(a) is not referred to as an appraisal;(b) is provided in the ordinary course of the person's business; and(c) is related to the actual or potential management, acquisition, disposition, or encumbrance of an interest in real property; or(xii) advises or offers advice to an owner of real estate concerning the negotiation or completion of a short sale; and

Like the comments before indicated, big banks aren’t always the most advantageous when financing a home.

This way you know you are in good hands and that it will take minimal involvement from your end on all aspects of your investment.

A turn-key property allows you to walk into something that is ready to go to be rented out with minimal repairs, or it potentially already has tenants in place.

It sounds like most of your issues were insurance-related, which indicates this is a risky market based on natural disasters or something.

Regarding delayed advertising, early marketing is a common practice to minimize vacancies, so you may want to negotiate this with your management team.

That indicates he's wishy-washy and just as likely to want to break the lease again in another month.

.: Quote from @Frank Arjun:They gave me minimal paperwork, the whole thing reeked of a scam, I was just too stupid to catch itI agree that you bear personal responsibility for what happened.