My guess is we will probably start to see more of this as its one thing for a deal to go bad another if the sponsor is negligent and did not do what they said they would. 

You go to one peak and look down at the next valley which is lower then the peak but still higher than where you started from.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

The seller offered financing with 20% down, which I used to buy the place.After starting construction and realizing it was going to cost more than expected, I approached a small local bank that knew the property and would offer the rehab financing. 

Our mortgage at the moment is around $2100 including taxes and insurance, this would obviously go up if we do refinance.

Welcome to BiggerPockets Erica and best of luck investing!

Here’s a quick guide to your options:1.

I wonder what lies he’s going to tell me this time.

LOL Happy to share any knowledge about that niche, since as you can see, I am kind of the go to for KY and that is all I do.

Out here in AZ you're going to need to do a STR or MTR if you want to break even on a property with only ~20% down, but if you pick the right location appreciation should beat the national average.