IMO a bigger red flag would be poor record keeping on expenses and other documentation that would indicate property condition.Anyway, you're ultimately purchasing the income stream that *you* can achieve, not what the seller achieved.

This is my first time posting to the bigger pockets forum but I must say the education I've been getting from the BP podcasts has been amazing. 

My wife and I are at a loss of what our options are to get out of this.

Similar to a 401k, part of the strategy is a tax arbitrage.It is a much better outcome to take the deduction at 37% rather than 24%.Lever 5 - % Bonus AllowedIn 2023 Bonus depreciation has been limited to 80%, and will continue to ramp down 20%/yr until it hits zero in 2027.Bonus depreciation has come and gone in the past, but the more you get, that first year payback is higher and higher.Lever 6 - % Payback RatioUltimately how much you save vs. how much you pay matters.Caveat - Talk to your CPA before you purchase a cost seg study.You need to have a way to monetize your losses through1.

He had no losses and lead me to believe I would get my deposit back initially.

Shout-Out to an Amazing Realtor for Out-of-State Investors – Melissa Hudson in Cleveland, OHHey Bigger Pockets Community,I wanted to take a moment to share an incredible experience I had working with Melissa Hudson, a realtor based in Cleveland, Ohio, who helped me sell my out-of-state investment property.

@Brandon HansenWelcome to Bigger Pockets.

Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too.

However, for some reason the profit at sale seems to be skewed somehow or this is just a bad deal and I'm glad I signed up for bigger pockets.   

Sharad Welcome To Bigger Pockets!!