Although the call was educational, I did not learn of these allegations until a day later.

Quote from @Tamzen Tocher: Hello everyone,I’ve been interested in getting into real estate and doing lots of education and research.

Also make sure you understand everything about adding an ADU including value of the ADYPU, financing, impact from rent control, duration between initial expense and initial income, true cash flow (know the 50% rule, at 50% rent ratio initial property tax will be near 20% of income)- educate.  

In real estate you make money or buy an education I guess! 

Bigger Pockets is a great place for education and networking. 

Educate yourself on the difference between Checkbook IRA and Full Custodial IRA. 

https://www.bizbuysell.com/ has reports and educational articles for understanding the various metrics for their listings.

You can sell the property and hopefully break even, chalk this up as an educational experience, and try again.Next time, look for property with more wiggle room.

But at least make that an educated decision. 

You say you have the tools and education to start " flipping," as you say, but  what if it's harder than you think?