For our first-time OOS experience, we established a Nevada-based LLC Then we started investing in the MidWest, SouthWest & SouthEast. 

You may want to consider working with your tax advisor remotely to expand your options. 

Seek professional advice from a real estate agent or financial advisor to ensure informed decisions.

Additionally, consider consulting with a financial advisor or tax professional to assess the potential risks and benefits of borrowing from a retirement account for this purpose. 

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. 

However, you may lose favorable financing terms, established cash flow, and incur transaction costs.

As an investor, we establish return on investment targets.

For more info dive into Anderson Business Advisors and Clint Coons YouTube channels.

If possible, consulting a local real estate agent or financial advisor can provide personalized advice based on the specific market conditions in Chicago.

BBB is "okay," but not always accurate, and any complaints fall off (not shown) after 3yrs.Even Angi (was Home Advisor), while not great for providing leads (direct knowledge), they're sticklers on the Reviews.