I understand it was (allegedly) caused by a kid, but parents must take responsibility for their children's actions.

., I'm so glad to hear that our booked helped you take action!

Mind you, we have never communicated prior as another one of the investors was dealing with him.If instructions would have been given as a whole, what we were expected to produce verses what they did rather than piece meal it at critical times, there would be no problem and no one would be upset.

What are you guys thoughts for my best course of action?

Hard to produce cash flow or break even with that much debt, at that rate.House-hackers, however enjoy certain one time (non-scalable) advantages that should be taken advantage of in the early days: - They can assume pre-existing debt like VA and FHA Loans (rather than take it on Subject-To which is dramatically riskier).- They can rent by the room and self-manage to produce day 1 cash flow.- Many of these HCOL areas also have strict limitations on AirBnB or short-term rentals... that do not apply to owner-occupants - thus allowing for extreme cashflow potential for house-hackers.

For us, still in a growth mode, we take action and figure out how to redeploy that equity into other real estate through either cash-out refinancing or selling and 1031! 

I would say the posts above are great ideas to try first before taking legal action.

Dial in your buy box, then be swift/actionable when ready.

My issues with RentRedi have not risen to the level requiring immediate action. 

If you find something that works well as a short-term rental, but doesn't work well for you as a home, you'll have money but be dissatisfied when you live there.You don't even need it to produce a profit.