You'd be getting screwed.

I had a guy screw me over in a similar way a couple years ago and I tell everyone I know about him. 

On of my partners in PDX ( we do deals together) I fund he finds them ... he has a partner in KC and they own 150 of these .. but his partner runs it.. does everything.. they tried to buy some in low end areas of memphis and got screwed over by management.. manager said their 8 homes were vacant .. they finally went over there and found all of them were rented and the manager was stealing the money LOL

I always tell people: what if it was your mother, sister, brother, that got screwed over by some of these unlicensed brokers?

Just find a friend or someone who you trust to rent it out and not screw you and give them a good deal and you will be fine.

They admit they screwed it up, but haven't offered refund of fees, or any assistance in getting it to 0%.  

For all these reasons  @Rocky V. sub too in the wrong hands are about as dangerous a thing you can do.what you needed to do was a wrap with a notice of default provision in that you would have all the contact info and your 3p authorization up front before you closed so you couild remedy this.you will need to refi and pay bank off is what you will need to do.. or come up with cash or find a JV partner that will provide the KISH to take care of this.its usually the sellers that get screwed in these deals but buyers can too.. in the exact manner that is happening to you

A bad tech can take the best equipment and screw it up.Good luck,Oren

We paid him about 80% of his fee, he hadn't completed the project and it turns out all the work he DID do wasn't done correctly.If there is anyone that can provide some advice on how to deal with a situation like this, it would be greatly appreciated.We feel like we really got "screwed" on this one especially because we tried to follow all the correct steps in hiring a GC.

A distressed property will need a "value add" to increase the value, a distressed seller can sell allowing you to profit without touching the property, but this has limitations as well as to giving a fair price and not screwing a seller.