Additionally, you miss out on one of the biggest advantages of real estate: forcing appreciation through strategic renovations.Another issue with Turnkey properties is that they often aren’t homesteaded, which typically throws off any proforma, resulting in higher-than-expected property taxes.

When you claim your home on Zillow it throws a #0 after the address when you look at it. 

Brand new schill account that tried to throw shade at some of the most respected investors in the country.

But I also know it might be a risk throwing something like this on him.

-The kitchen is throwing me off.

I could be wrong, but I think the purpose of this forum isn't for CPAs to fight and throw out IRS Pubs and Regs (although, these are helpful) to impress everyone. 

Throw $15k at thisAnd what about the kitchen and baths?

But I also know it might be a risk throwing something like this on him.

You could always lawyer up.. but that could be throwing good money after bad.. insurance is a bottom less pit with it comes to money to fight you.

I dont have much specific advice to help you with this one as it appears you may have just blindly trusted the system you bought into and now find yourself in a pickle.with these types of assets it rarely gets better so careful throwing good money after bad.U may need to just liquidate and and regroup.I dont suppose the company you paid for all this education and system is stepping up for you hear in a financial way ??