I have a townhouse that is a STR in Tempe. 2 bedroom, 1 bath and about 900sf and no HOA.

@Wendy Schultz most time winter temps are moderate, crowds are down except at holiday time, there is skiing and snow tubing, and overall rates are less expensive.

That said I'm not sure the TCO will help here because it is a meter set with PGE, not something that is a City permit issue...maybe they can allow it with a temp pole/meter but I wouldn't count on it. 

Ok, so using the rental calculator it is showing my cash flow at $19 per month, but I can't manipulate the numbers to show the correct balance on the mortgage.

Just for the accidental times when they have the bathroom heat off because its hot out and they go on vacation for 3 weeks with the door closed and the temp here drops under freezing.

Home flexing whether storms, water or temp expansion can cause catastrophic failures.

The combination of Al wire and an FPE panel is especially concerning because Al wire is more likely to have a loose connection that will overheat to a temp that can cause combustion, and the FPE panel has a high chance of not tripping when that happens in order to prevent that overheating from continuing.

If short sale sale due to reverse mortgage or foreclosure then the borrower/principal homeowner per HUD [the foolish sponsor of the conniving manipulative reverse mortgage industry that is out to take homes from remaining Baby Boomer seniors & elders so younger families can purchase the homes instead while those seniors and elders are placed into senior living centers etc.

Some do commercial, some do residential, some do performing, some do non performing....It will be difficult to get some info on them, as if they are 100% private they can say whatever they want too and there is no way to tell if the information is correct or manipulated. 

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.